Insolvency Bankruptcy Services
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Service Location: India
The Act The insolvency and Bankruptcy Code, 2016 (IBC) was passed in Parliament on 11th may 2016 and it received Honorable President assent on 28th May 2016
- IBC provides a single window platform to overseas all insolvency Liquidation proceedings for individuals , small 7 Medium Enterprise (SME) , Limited Liability Partnership (LLP) Corporate.
- IBC empowers all classes of creditors (secured unsecured, employees, regulatory authorities) to trigger a resolution process in case of non- payment of valid claims.
- IBC empowers Insolvency professional to take complete control of the corporate and to suspend all the board pf directors promoters powers. IBC gives a Limited Period time to facilitate discussion and to arrive at common resolution process.
- IBC is a going to be very structured professional managed two stage process, (1) Insolvency Resolution Process (2) Liquidation Process.
Malad West, Mumbai
GSTTrustSEAL11 yrs
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