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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.
Marginal physical product (MPP) where P=production, and X=input, is equal to
Primary tillage is completely avoided and secondary tillage is restricted to seedbed preparation in the row zone only. This is done in which type of til...
What type of chromosomal disorder is Edwards syndrome?
Small etiolated area develops near the distal end of the fruit which gradually spreads, turns nearly black and covers the tip of the fruit completely. T...
Which of the following is NOT true about the National Cooperative Development Corporation?
Which of the following hormone deficiency causes dwarfism in plant?
Nucleic acids are:
Which trade barrier can impact the international marketing of sustainable agricultural products?
Indian grassland and fodder Research Institute is located at
What is the probable impact on supply when a technological breakthrough significantly reduces the time required to produce a certain product?