Insolvency and Bankruptcy Code, 2016: Features, Mechanism and Challenges in implementation
作者: Rupinder Katoch
刊名: International Journal of Management, IT and Engineering, 2017, Vol.7 (9), pp.77-89
来源数据库: Indianjournals.com
关键词: Insolvency and Bankruptcy Code(IBC)Insolvency and Bankruptcy Bord of India(IBBI)Information Utilities (IU)Insolvency Professionals(IP)Insolvency Professional Agency
原始语种摘要: The Insolvency and Bankruptcy Code, 2016 (the Code) is a significant reform in Insolvency laws in India. Until the code was implemented there were a dozen of laws dealing with Insolvency and Bankruptcy proceedings in India. A significant number of legislation and their overlapping provisions had made the recovery process time consuming and costly. Due to this India also appeared low in World Bank Ease of Doing Business Index. The Insolvency and Bankruptcy Code ensures certainty in the process, including what constitutes insolvency, the processes to be followed to resolve the insolvency, and the process to resolve bankruptcy once it has been determined. Present study has touched different dimensions of Insolvency and Bankruptcy Code-2016 and has concluded that unless and until the...
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关键词翻译
关键词翻译
  • insolvency 破产
  • implementation 执行
  • bankruptcy 破产
  • costly 昂贵的
  • dealing 对待
  • process 过程
  • successfully 成功地
  • certainty 确实
  • reference 基准电压源
  • provisions 粮食