Insolvency & Bankruptcy

The Insolvency and Bankruptcy Code 2016 is very crucial. The main of IBC code 2016 is to make sure the balance between creditors and debtors. This code is very much supporting to creditors and providing them power to recover debt. The code launched the idea of wrongful trading which make director and manager liable. In case there has been any wrongful trading NCLT can come into picture.


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