Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/2074/19338
DC FieldValueLanguage
dc.contributor.advisorJayadev, M
dc.contributor.authorBulbul, Barsha
dc.contributor.authorKumar, Raju
dc.date.accessioned2021-06-07T12:22:07Z-
dc.date.available2021-06-07T12:22:07Z-
dc.date.issued2018
dc.identifier.urihttps://repository.iimb.ac.in/handle/2074/19338-
dc.description.abstractThe IBC code introduced in December 2016 was a much-needed legislation to resolve NPAs by providing an operational turnaround to the entity. It allows a firm or any firm’s financial and operational debtors to file for insolvency of the corporate debtor at a very initial stage, thus helping the assets to deteriorate further due to prolonged mismanagement, lack of funds or operational inefficiency. Steps are taken to resolve the filed case in a period of 180 to 270 days. The code focuses having a resolution plan which if not passed by the committee shall result into liquidation of the entity’s assets and helps in prevention of arbitrage due to multiple regulations. The code eyes on the matter of Insolvency, liquidation, voluntary liquidation and Bankruptcy. Objectives: • To consolidating and amending laws related to bankruptcy and insolvency. • To have a time-bound resolution. • To promote entrepreneurship and lure in investors and creditors for the resolution plan. • To maximize value in resolution plan or if liquidated. • To prioritize payments in case of liquidation
dc.publisherIndian Institute of Management Bangalore
dc.relation.ispartofseriesPGP_CCS_P18_112
dc.subjectBankruptcy
dc.subjectCorporate resolution
dc.subjectInsolvency
dc.titleCorporate resolution under insolvency and bankruptcy code
dc.typeCCS Project Report-PGP
dc.pages20p.
Appears in Collections:2018
Files in This Item:
File SizeFormat 
PGP_CCS_P18_112.pdf452.04 kBAdobe PDFView/Open    Request a copy
Show simple item record

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.