Corporate News September 2017 - Acquisory Bulletin

Chandni Ansari15 May, 2025Business

IBC 2016 was notified in May, 2016 which is one of the major initiative of the Government to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.