The Insolvency and Bankruptcy Code (Amendment Bill), 2017
Insolvency is a situation where a company is unable to repay its outstanding debt. The Insolvency and Bankruptcy Code (Amendment Bill) (“Bill”), 2017 was introduced on December 28, 2017 amending the Insolvency and Bankruptcy Code, 2016 (“Code”) which replaces an ordinance promulgated in November 2017. Resolution Applicant A resolution plan explains the details that how …
