Insolvency and Bankruptcy Code
Insolvency and Bankruptcy Code 2016 (IBC Code) has been made in 2016 to consolidate existing framework in this arena by creating a single law for Insolvency. Insolvency and Bankruptcy Code recommends two separate tribunals to supervise the insolvency process. National Company Law Tribunal (NCLT) Debt recovery Tribunal (DRT) NCLT is for companies and limited liability […]
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