KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER INDIAN LAW –

The Code: Introduction of a complete insolvency and chapter legislation in India is a current occasion, with introduction of the Insolvency and Bankruptcy Code, 2016 (“the Code”) within the 12 months 2016. The Code is oriented to be the umbrella laws in India for legal guidelines regarding insolvency and chapter. At current the Code solely governs rehabilitation and liquidation of corporations and extends to guarantors.

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