Items related to INSOLVENCY AND BANKRUPTCY CODE, 2016: A PARADIGM SHIFT
Synopsis
The Insolvency and Bankruptcy Code, 2016 is not merely an incremental reform but a paradigm shift in the resolution of financially stressed corporate persons, partnership firms, and individuals. This shift is reflected in the unification of insolvency laws, the adoption of a predominantly creditor-in-control model, and a time-bound resolution process. The Code provides a mechanism for the prompt resolution of stressed entities, failing which they proceed to liquidation or bankruptcy, as the case may be.While the Code marks a seminal intervention in India's insolvency regime, certain elements of inherent inequity remain, particularly in the preferential treatment accorded to financial creditors over operational and other creditors.This book offers a critical analysis of the various aspects of the Code and serves as an essential resource for lawyers, company secretaries, chartered accountants, insolvency professionals, students, and all those interested in this evolving area of law.
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INSOLVENCY AND BANKRUPTCY CODE, 2016: A PARADIGM SHIFT
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Insolvency and Bankruptcy Code, 2016
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Insolvency and Bankruptcy Code, 2016
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INSOLVENCY AND BANKRUPTCY CODE, 2016
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Taschenbuch. Condition: Neu. Neuware - Insolvency and Bankruptcy Code, 2016 is not incremental reform but a paradigm shift towards resolution of financially stressed Corporate Persons, Partnership Firms, and Individuals. The Paradigm shift is reflected in unification of laws of insolvency, adoption of predominantly creditor-in-possession model and time bound resolution process. The Code provides for mechanism for prompt resolution of stressed entites failing which such entites have to go through liquidation or bankruptcy, as the case may be. Although the Code has been a seminal intervention in insolvency regime, there seems to be elements of inherent inequity in the scheme of the Code as Financial Creditors have been given superior rights and privileges in comparison to Operational and Other Creditors. This book critically analyses various aspects of the Code and is a must resource for lawyers, company secretaries, chartered accountants, insolvency professional, students and others who have interest in this emerging area. Seller Inventory # 9798889591153