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Title: :  INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA
PaperId: :  12328
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 5 Issue 6 2019
DUI:    16.0415/IJARIIE-12328
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Vineet Kumar SharmaBhagwant University, Ajmer, Rajasthan
Dr. Binu N.Bhagwant University, Ajmer, Rajasthan

Abstract

Law
IB, IBBI, IBC, Insolvency Resolution, Bankruptcy Code, law etc.
It plays the role of all insolvency resolution professionals, insolvency professional agencies and a governing body for information consumption. According to the Insolvency and Bankruptcy Code [1], 2016, it enforces the rules to resolve Corporate Insolvency, Corporate Liquidation, Individual Insolvency and Individual Bankruptcy. It helps in implementing the provisions of IBC and works to amend any law as per existing. Challenges it serves to resolve any insolvency for corporate, individuals and partnership firms in a timely manner to maximize the value of the insolvent unit and to refund the amount due to creditors. The Government introduced a Code to strengthen already existing laws and to provide a single legal framework for cases related to insolvency and bankruptcy. In May 2016, the Indian Parliament implemented the IB Code 2016, which went into effect in December 2016. The IB Code 20161 included the insolvency resolution process as well as the liquidation process for individuals and debtors corporate.

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IJARIIE Vineet Kumar Sharma, and Dr. Binu N.. "INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA" International Journal Of Advance Research And Innovative Ideas In Education Volume 5 Issue 6 2019 Page 1741-1748
MLA Vineet Kumar Sharma, and Dr. Binu N.. "INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA." International Journal Of Advance Research And Innovative Ideas In Education 5.6(2019) : 1741-1748.
APA Vineet Kumar Sharma, & Dr. Binu N.. (2019). INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA. International Journal Of Advance Research And Innovative Ideas In Education, 5(6), 1741-1748.
Chicago Vineet Kumar Sharma, and Dr. Binu N.. "INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA." International Journal Of Advance Research And Innovative Ideas In Education 5, no. 6 (2019) : 1741-1748.
Oxford Vineet Kumar Sharma, and Dr. Binu N.. 'INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA', International Journal Of Advance Research And Innovative Ideas In Education, vol. 5, no. 6, 2019, p. 1741-1748. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/INSOLVENCY___BANKRUPTCY_CODE_2016___ANALYSIS_OF_AN_UNIQUE___SPEEDY_LEGAL_PROCESS_TO_RESTRUCT_SICK_OR_INSOLVENT_COMPANIES_IN_INDIA_ijariie12328_doc_new_converted.pdf (Accessed : 22 September 2020).
Harvard Vineet Kumar Sharma, and Dr. Binu N.. (2019) 'INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA', International Journal Of Advance Research And Innovative Ideas In Education, 5(6), pp. 1741-1748IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/INSOLVENCY___BANKRUPTCY_CODE_2016___ANALYSIS_OF_AN_UNIQUE___SPEEDY_LEGAL_PROCESS_TO_RESTRUCT_SICK_OR_INSOLVENT_COMPANIES_IN_INDIA_ijariie12328_doc_new_converted.pdf (Accessed : 22 September 2020)
IEEE Vineet Kumar Sharma, and Dr. Binu N., "INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA," International Journal Of Advance Research And Innovative Ideas In Education, vol. 5, no. 6, pp. 1741-1748, Nov-Dec 2019. [Online]. Available: https://ijariie.com/AdminUploadPdf/INSOLVENCY___BANKRUPTCY_CODE_2016___ANALYSIS_OF_AN_UNIQUE___SPEEDY_LEGAL_PROCESS_TO_RESTRUCT_SICK_OR_INSOLVENT_COMPANIES_IN_INDIA_ijariie12328_doc_new_converted.pdf [Accessed : 22 September 2020].
Turabian Vineet Kumar Sharma, and Dr. Binu N.. "INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 5 number 6 (22 September 2020).
Vancouver Vineet Kumar Sharma, and Dr. Binu N.. INSOLVENCY & BANKRUPTCY CODE 2016 - ANALYSIS OF AN UNIQUE & SPEEDY LEGAL PROCESS TO RESTRUCT SICK OR INSOLVENT COMPANIES IN INDIA. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2019 [Cited : 22 September 2020]; 5(6) : 1741-1748. Available from: https://ijariie.com/AdminUploadPdf/INSOLVENCY___BANKRUPTCY_CODE_2016___ANALYSIS_OF_AN_UNIQUE___SPEEDY_LEGAL_PROCESS_TO_RESTRUCT_SICK_OR_INSOLVENT_COMPANIES_IN_INDIA_ijariie12328_doc_new_converted.pdf
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