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Insolvency and Bankruptcy Law

The Insolvency and Bankruptcy Code, 2016 sets out how the debts of companies and individuals are resolved or their assets liquidated. These articles explain proceedings before the National Company Law Tribunal and the position of creditors and debtors.

Bankruptcy: The Best Legal Remedies

What is Bankruptcy? A bankrupt is a debtor adjudged as bankrupt by a bankruptcy order under Section 126 of the Insolvency and Bankruptcy Code, 2016. Each partner of a firm qualifies as a debtor under this definition.…

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