Page 2 - Assets Stabilisation Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to facilitate expeditious resolution of insolvency, promote availability of credit and balance the interest of stakeholders. The IBC recognised the crucial stake of banks and financial institutions (FI) and conferred upon them a pivotal role and decision making powers in the corporate insolvency resolution process (CIRP).
However, the initial euphoria of banks and FIs quickly faded due to ambiguities in certain provisions, multiple challenges by borrowers during the CIRP, conflicting rulings on the interpretation of the IBC, and multiple amendments to the IBC as well. A vexed issue which continues to plague the interest of banks and FIs is the applicability of the law of limitation to proceedings under the IBC. ....

Bimal Kumar Savalia , Supreme Court , National Company Law Appellate Tribunal , Assets Stabilisation Fund , Bankruptcy Code , Limitation Act , பிமல் குமார் சவலியா , உச்ச நீதிமன்றம் , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , திவால்நிலை குறியீடு , வரம்பு நாடகம் ,