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7 December, 2016
The Insolvency and Bankruptcy Code, 2016 (the “Insolvency Code, 2016”) had received the assent of the President of India on May 28, 2016. Since then, there have been discussions among the stakeholders with respect to its implementation and its repercussions on the interested parties, including corporates and individuals.
There have been certain material developments around the Insolvency Code, 2016 in last few days wherein the major
provisions relating to the Insolvency Code, 2016 have been brought into force.
To start with, the provisions relating to the setting up of the Insolvency Professional Agencies (“IPA”) and Insolvency
Professional (“IP”) got notified. In this respec…
Read the full article at: http://www.conventuslaw.com/report/india-a-step-closer-to-solving-the-insolvency/