Transcription of SUPPLEMENTARY
{{id}} {{{paragraph}}}
Example: marketing
SUPPLEMENTARY
SUPPLEMENTARYINSOLVENCY AND BANKRUPTCY CODE, 2016 1 IntroductionCorporate Insolvency Resolution Process Liquidation of a Corporate PersonINSOLVENCY AND BANKRUPTCY CODE, 2016 INTRODUCTIONThe Insolvency and Bankruptcy Code passed by the Parliament is a welcome overhaul of the existing framework dealing with insolvency of corporate, individuals, partnerships and other entities. It paves the way for much needed reforms while focussing on creditor driven insolvency were multiple overlapping laws and adjudicating forums dealing with financial failure and insolvency of companies and individuals in India. The erstwhile legislative frame work comprised of:(a) Chapter XIX and Chapter XX of Companies Act, 2013(b) Part VIA, Part VII and Section 391 of Companies Act, 1956(c) RDDBFI Act, 1993(d) SARFAESI Act, 2002(e) SICA Act, 1985(f) The Presidency Towns Insolvency Act, 1909(g) The Provincial Insolvency Act, 1920(h) Chapter XIII of LLP Act, 2008 This legal and institutional framework
Insolvency and Bankruptcy Code, 2016 2 • Balance the interests of all the stakeholders including alteration in the order of priority of payment
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: