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insolvency
Difference-Financial Creditor and Operational Creditor under IBC, 2016
14 Sep, 21

Difference B/W Financial Creditor and Operational Creditor under IBC, 2016

Difference B/W Financial Creditor and Operational Creditor under IBC, 2016 Currently, applications to begin a corporate bankruptcy resolution procedure must first persuade the Tribunal that the petitioner is a “Financial Creditor” or an “Operational Creditor” under the Insolvency and Bankruptcy Code, 2016. A financial creditor and an operational creditor are two essential components of the […]
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Bankruptcy-Board-set-to-tackle-Group-Insolvency
29 Jan, 20

Bankruptcy Board Set to Tackle Group Insolvency

Introduction In its objective to usher ineffective economic reforms, the government passed the Insolvency and Bankruptcy Code, 2016 (IBC). This was hailed as a positive step by all stakeholders as it shifted the focus from ‘debtor in possession’ to the much needed ‘creditor in control’ when dealing with debts, defaults and financial failures of Corporates. […]
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