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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.
To enter Tibet from Uttarakhand for the Kailash Mansarovar pilgrimage, which pass must be crossed?
Gandikota canyon of South India was created by which one of the following rivers?
Which one of the following pairs of islands is separated from each other by the ‘Ten Degree Channel’?
Which of the following methods can help in preventing soil erosion?
1. Contour bunding
2. Cover cropping
3. Gully plugging <...
Which one of the following is an artificial lake?
The capital of European Union is located at:
Phanigiri Buddhist site, recently seen in news, is located in which state?
Which of the following physiographical features were formed when the Indo-Australian plate and the Eurasian plate converged?
1. Trans-Himalayas
Earthquakes occur most frequently at which part of earth?
Which is the largest uranium producing country in the world?
