April 26, 2018/
1. Government as “Operational Creditor” As per Section 5(20) of Insolvency and Bankruptcy Code, 2016, “operational creditor” means a person to whom an operational debt is owed and includes any…
1. Government as “Operational Creditor” As per Section 5(20) of Insolvency and Bankruptcy Code, 2016, “operational creditor” means a person to whom an operational debt is owed and includes any…
I. MECHANISMS AVAILABLE TO DEAL WITH INSOLVENCY AND BANKRUPTCY OTHER THAN INSOLVENCY AND BANKRUPTCY CODE, 2016 (IBC) INDIVIDUAL BANKRUPTCY AND INSOLVENCY: It is legislated under two Acts: a) The Presidency…
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