Introduction Insolvency and Bankruptcy Code, 2016

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which is unified code of all insolvency and bankruptcy laws relating to individual, partnership firm, HUF, LLP and Company. The code is compilation of law relating to insolvency and bankruptcy. The Insolvency and Bankruptcy Code was passed by Lok Sabha on 05th…