UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
Call for Paper
Volume 11 | Issue 3 | March 2024

JETIREXPLORE- Search Thousands of research papers



WhatsApp Contact
Click Here

Published in:

Volume 8 Issue 12
December-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

Unique Identifier

Published Paper ID:
JETIR2112563


Registration ID:
404115

Page Number

f486-f493

Share This Article


Jetir RMS

Title

AN OVERVIEW OF THE DEVELOPMENTS OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Authors

Abstract

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The legal status of an entity or a person where the debt owed to the creditors cannot be repaid is known as Bankruptcy. A court order imposes bankruptcy in most of the jurisdictions. The IBC, 2016 provides for a time-bound process to resolve insolvency. When a default in repayment occurs, creditors gain control over the debtor’s assets and must make decisions to resolve insolvency within 180 days. To ensure an uninterrupted resolution process, the Code also provides immunity to debtors from resolution claims of creditors during this period. The Code also consolidates provisions of the current legislative framework to form a common forum for debtors and creditors of all classes to resolve insolvency.

Key Words

Insolvency & Bankruptcy Code 2016 (IBC), Adjudicating authorities, Insolvency and Bankruptcy Board, NCLT, DRT, CoC (Committee of Creditors).

Cite This Article

"AN OVERVIEW OF THE DEVELOPMENTS OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 12, page no.f486-f493, December-2021, Available :http://www.jetir.org/papers/JETIR2112563.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"AN OVERVIEW OF THE DEVELOPMENTS OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 12, page no. ppf486-f493, December-2021, Available at : http://www.jetir.org/papers/JETIR2112563.pdf

Publication Details

Published Paper ID: JETIR2112563
Registration ID: 404115
Published In: Volume 8 | Issue 12 | Year December-2021
DOI (Digital Object Identifier):
Page No: f486-f493
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


Preview This Article


Downlaod

Click here for Article Preview

Download PDF

Downloads

000232

Print This Page

Current Call For Paper

Jetir RMS