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Why ignoring the Bankruptcy Code will be a BIG mistake

Why ignoring the Bankruptcy Code will be a BIG mistake
The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors generally. The Insolvency and Bankruptcy Code (IBC), together with its implementing regulations, introduced in December 2016 is a uniform, comprehensive code dealing with financial failure, debt restructurings and insolvencies. It represents a game-changing shift towards a creditor-friendly and timeline-driven regime with limited ...
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