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Author: Saksham singh
Saksham singh
3rd year student at National law University Sonepat
Introduction Insolvency and Bankruptcy Code, 2016 was formed with the intent of consolidating and amending the laws in order to simplify the reorganization and insolvency resolution, to maximize the value of assets, to promote entrepreneurship and balance the interests of all the stakeholders. Part II, Chapter II of the IBC, 2016 (Section 6 to 32A) deals with the provisions of CIRP (Corporate Insolvency Resolution Process), which is the core of the IBC and fulfills the legislative intent of the act. IBBI (Insolvency and Bankruptcy Board of India), which is the watchdog of IBC, is responsible for making regulations and guidelines…
