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.
Which of the following is not a method that can be used by an Indian company to raise funds from abroad-
Newton's first law of motion gives the concept of –
An international finance centre called GIFT city is being constructed in the state of:
Where are the headquarters of the International Atomic Energy Agency (IAEA) located?
The Competition Commission of India (CCI), which regulates anti-competitive practices in the marketplace, is a statutory body under the _______.
______ is the author of the book “A little book of India”.
Euro the currency is not used by which European country?
Across which river is the Indira Sagar Dam, located in Madhya Pradesh's Khandwa district, constructed?
How many member countries are part of the Organization for Economic Co-operation and Development (OECD)?
Where in India the first Mega Leather Park will be established?
