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.
Raju purchased 20 dozen bananas at ₹40 per dozen. He sold 8 dozen of it at 10% profit and the remaining 12 dozen at 20% profit. What is his profit% in...
A shopkeeper sold an article at marked price and got a profit of 50%. If he had given a discount of 20%, then find his new profit percent.
A shopkeeper sold an article after giving a discount of 25% and made a profit of Rs.75. Find the difference between the marked price and selling price o...
A shopkeeper sells two items at the same price for Rs 2800 each. If he sells one item at 40% profit and other at 30% loss, find the loss incurred by the...
A and B started a business with investments in the ratio 11:10 respectively. After 10 months, C joined them with an investment 40% more than the investm...
A person sold his goods after announcing two successive discounts of 32% each. The effective discount altogether is
A person bought an article and sold it at a loss of 20%. If he had bought it at 10% loss and sold it for 74 more, he would have gained 30%. Find the pro...
How many kilograms of rice cost Rs. 60 per kg? must be mixed with 24 kg. of rice costing Rs. 42 per kg. so that there may be a gain of 12% by selling th...
By selling 18 table fans for Rs 11,664 a man incurs a loss of 10%. How many fans should be sold for Rs.17,424 to earn 10% profit?
Joy bought a painting for Rs. 6000 and sold it for Rs. 7500. Find the profit %.