Decoding the Insolvency and Bankruptcy Code: Understanding Personal Guarantors

Ancoraa Resolution09 Apr, 2024Finance

Enacted in 2016, the Insolvency and Bankruptcy Code (IBC) represents a paradigm shift in India’s insolvency landscape. It serves as a comprehensive legislation aimed at consolidating and amending the laws governing insolvency resolution and bankruptcy. In the intricate web of corporate finance and legal frameworks, the Insolvency and Bankruptcy Code (IBC) stands as a guiding light, offering a roadmap for resolving financial distress and ensuring the orderly resolution of insolvency proceedings.