to the introduction of The Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy mechanism in India was in a disintegrated state. Lack of clarity and uncertainty due to multiple legislations and non statutory guidelines had made recovery of debts and restructuring of defaulted assets a tedious process.
Since the current legal and institutional framework does not aid lenders in timely recovery of their dues, it was imperative to introduce reforms in Insolvency and Bankruptcy regime to improve the current business environment in India.
Corporate Insolvency is a situation when an organizationRead More
Winding up of a company is the process through which lifeRead More
Aligning various business and accounting functions. Legal SupportRead More
If a company fails to commence its business within one year of its incorporationRead More