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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.
Plants growing in soils having sand and gravel and called by the name
The rotation intensity of rice-wheat-rice-fallow rotation will be:
Lobsters and shrimp belong to which class within the Arthropoda phylum?
Which among the following can be considered as a biofertilizer?
The first Indian Agricultural University was established in:
In which dual-sector economic model is labor considered surplus in the traditional agricultural sector, leading to labor transfer to a modern industrial...
Citrus canker is caused by
What is the typical color of the aril (flesh) in ripened litchi fruit?
Cryopreservation of seeds involves storage at:
Strictly self pollinating crop is
