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
Disclaimer: The Purposes of this article is knowledge sharing among the users while the information is believed to be accurate to the best of our knowledge and belief. We do not make any representation or warranties, express or implied, as to the accuracy or completeness of this information. We accept no responsibilities for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies upon it.
No comments:
Post a Comment
Please Like, Subscribe, Share and Comment on our blog. Please do not comment spam messages or links