Question
Which of the following is not an objective of the
Insolvency and Bankruptcy Code, 2016?Solution
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.
Statements:Q ≥ R,R < S,S < T
Conclusions: I. T > R II. Q ≥ T
Statements: M $ K; K & N, N % R, R @ W
Conclusions:Â Â Â Â Â
I. W & KÂ Â Â Â Â Â Â Â
II. K & WÂ Â Â Â Â Â Â Â Â Â Â Â ...
Statements:Â Â Â Â Â Â A % B & Z % F; F # C & E; E @ P # D
Conclusions :Â Â Â Â Â I. C @ PÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. A % PÂ Â Â Â Â ...
Which of the following set of symbols should be placed in the blanks respectively (from left to right) in the given expression in order to make the expr...
Statements:
P < Q < R < S ≤ B < H; S > N ≥ Y
Conclusions:
I) P < Y
II) R ≥ N
Statements: N $ Q, Q @ M, M % S, S % T
Conclusions : I. S # Q II. S & Q III. M & T
...Which of the following expressions will be true if the expression Q ≥ M = R > F = E ≤ X is definitely true?
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and then...
Statements: H > E > I < F; D < I ≤ J; G < N ≤ D
Conclusions: Â
I. N < H Â
II. F ≥ G
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and ...