January 6, 2020
The Insolvency and Bankruptcy Code, 2016 (Code) has been amended through promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (Ordinance) on December 28, 2019. The Ordinance amends the Code to inter-alia, prescribe the threshold for financial creditors of certain specified categories to initiate the resolution process; clarification with respect to persons that are not entitled to initiate the insolvency resolution process, etc. amongst other amendments that have been introduced. Some of the salient features of the Ordinance are enumerated herein below:
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This guide seeks to empower entrepreneurs with the expertise and resources necessary for flourishing in India's vibrant manufacturing industry.View More
Bharatiya Nyaya Sanhita has done away with the “General Explanation” clauses as contained in Sections 8 to 52A of Chapter II of IPC. All these Sections contained definitions as there was no definition clause in IPC.View More
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