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The objective behind Insolvency and Bankruptcy Code, 2016 is to create a more effective and time-bound insolvency resolution process. It aims to address several key issues in the previous bankruptcy and insolvency framework such as: · It consolidates and amends various existing laws related to insolvency and bankruptcy, providing a unified and comprehensive legal framework for resolution and liquidation. · To provide a time-bound resolution process for distressed companies, preventing the undue delay in insolvency proceedings · To maximize the value of assets of insolvent companies and ensure that creditors, including operational creditors, receive a fair and equitable share of the proceeds. · To preserve the viable parts of a business while dealing with non-viable parts in an orderly manner. The emphasis is on keeping the business as a going concern as far as possible. · To balance the interests of all stakeholders, including creditors, debtors, and shareholders, by providing a structured process for insolvency resolution. · To encourage entrepreneurship and minimize the stigma associated with business failure.
Select the most appropriate option to fill in the blank.
The old telephone ______ nobody wants has been thrown into the junkyard.
Directions : In the following passage, some of the words have been left out and replaced by a blank represented by a letter. First read the passage an...
Blogger's new image feature has ______________ my template which I haven't touched in years.
The Chief Justice of India and the chief justices of high courts _________ absolute power in the matter of assigning cases to colleague judges.
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She tried to _______ by finishing the work early, but it ended up being full of mistakes.
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I didn't care____________the expense; I want the party to be a real success.
...Fill in the blanks using appropriate forms of the words given in brackets from the choices given below them.
Quality of life varies ____from one...
In the following question a sentence is given with a blank followed by 5 options. From the given options choose the option which can fill the given bla...
The demonetization of high-value currency notes and the ________ of the goods and services tax regime have triggered a surge in the number of those fili...
Select the most appropriate option to fill in the blank.
My sister unlike my brothers __________ to have a career in Engineering.
