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Understanding the IBC - Insolvency and Bankruptcy Board of ...
Understanding the IBCKEY JURISPRUDENCE AND practical CONSIDERATIONSA HANDBOOK Simone D. McCourtie / World Bank Ray Witlin / World BankCover photos: Understanding the IBCKEY JURISPRUDENCE AND practical CONSIDERATIONSA HANDBOOKKEY JURISPRUDENCE AND practical CONSIDERATIONS3 The Insolvency space is extremely fertile, especially in a market economy. It acquires richness, depth and maturity with every transaction. The Insolvency regime in India is no exception. The Insolvency and Bankruptcy Code, 2016 (Code) has witnessed five legislative interventions since its enactment to strengthen the processes and further its objectives, in sync with the emerging market realities. There have also been dozens of amendments to the regulatory framework to smoothen the implementation of processes under the Code. The Adjudicating Authority, the Appellate Authority, High Courts, and the Supreme Court have all delivered numerous landmark orders and judgments explaining several conceptual issues, settling contentious issues and resolving grey areas.
PRACTICAL CONIDERATION 3 The insolvency space is extremely fertile, especially in a market economy. It acquires richness, depth and maturity with every transaction. The insolvency regime in India is no exception. The Insolvency and Bankruptcy Code, 2016
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