The Advent of Insolvency Technology in the Legal Sector of India

Ancoraa Resolution09 Jan, 2023Finance

The Bankruptcy and Insolvency Code permits a maximum resolution time of 270 days. Following the admission of the application, a moratorium order is issued that forbids the corporate debtor from being the target of new lawsuits, the continuation of existing lawsuits, or any actions to foreclose, recover from, or enforce any security interests the corporate debtor may have created in relation to its property.