- 6253 Views
- 04 Apr 2020
- FCS Shweta Gupta
- Insolvency, Case Laws, IBC, NCLT, NCLAT, News, Updates, Companies Act 2013, Insolvency, Articles, Blogs, Knowledge,
In its objective to usher ineffective economic reforms, the government passed the Insolvency and Bankruptcy Code (IBC), 2016. This was hailed as a positive step by all stakeholders as it shifted the focus from ‘debtor in possession’ to the much needed ‘creditor in control’ when dealing with debts, defaults and financial failures of Corporates. IBC 2016 is a com......