Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 Insolvency is a situation where individuals or companies are unable to repay their outstanding debt.The Code, enacted in 2016, provides a time bound process for resolving insolvency. The Ordinance sets a minimum threshold to apply for insolvency proceedings and provides immunity to the corporate debtor from prior offences. The Ordinance came into force on December 28, 2019 and a Bill replacing the Ordinance is set to be introduced in the Budget Session.
We are devoted to provide pure and relevant news to its viewers. "One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors". "We want to be the bridge to the next generation". Let us practice Good governance. It refers to mobilizing the people of a country in the best direction possible. It requires the unity of people in society and motivates them to attain political objectivity. Suggestions to: vselvaraj@vselvaraj.com.
Sunday, February 9, 2020
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 Insolvency is a situation where individuals or companies are unable to repay their outstanding debt.The Code, enacted in 2016, provides a time bound process for resolving insolvency. The Ordinance sets a minimum threshold to apply for insolvency proceedings and provides immunity to the corporate debtor from prior offences. The Ordinance came into force on December 28, 2019 and a Bill replacing the Ordinance is set to be introduced in the Budget Session.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.