Preamble of Insolvency and Bankruptcy Code,2016
An Act
- to consolidate and amend the laws
- relating to re-organisation and insolvency resolution
- for corporate persons, partnership firms and individuals
- in a time bound manner
- for maximization of value of assets of such persons
- to promote entrepreneurship
- availability of credit
- balance the interests of all the stakeholders
- alteration in the order of priority of payment of Govt. Dues
- to establish an Insolvency and Bankruptcy Board of India
- for matters connected therewith or incidental thereto.
Compiled By:
Team Apna IP Consultant
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