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Govt should implement capacity building measures at NCLT: Former NCLT President
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Govt must enforce capacity building measures, quick appointments at NCLT: former president M M Kumar
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Competition Jurisprudence In India
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The insolvency resolution process in India has in the past
elaborated the simultaneous operation of several statutory
instruments. This includes the Sick Industrial Companies Act, 1985,
the Securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest, 2002, the Recovery of Debt Due to
Banks and Financial Institution Act, 1993 and the Companies Act,
2013.
The involuntary liquidation provisions in the Insolvency and
Bankruptcy Code, 2016
(“IBC”) came
into effect on 15
th December 2016. Along with this, the
Insolvency and Bankruptcy Board of India (Liquidation process)
Regulations 2016
(“Regulations”) were
Action Ispat And Power Pvt Ltd vs Shyam Metalics And Energy Limited on 15 December, 2020
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