Banking Service Chronicle published this article page no 2 the improvement was basically noticed after the government put into effect the insolvency and bankruptcy code (ibc) with a regulator insolvency and bankruptcy board of india (03e11) in 2016. it should be noted that bankruptcy provisions for individuals and partnerships are yet to be notified since the rules have not come. insolvency arises when an individual or organization could not pay its financial dues to its lenders. insolvency can be tackled through restructuring the debt or if it is not settled this way legal action may be taken against the insolvent the company concerned is restructured or else its assets are sold to pay the debts banking services chronicle magazine online purchase.
No comments:
Post a Comment