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ARTICLE · 13 NOVEMBER 2018

‘One97 Communications' To Recover Dues From RCom

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

S.S. Rana & Co.

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The stricter provision of the IBC and their effective enforcement have made it an active vehicle in order to resolve the problem of bad loans.

IndiaInsolvency/Bankruptcy/Re-Structuring
S.S. Rana & Co. Advocates
S.S. Rana & Co. Advocates
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In as much as the Government has been in the consistent process of encouraging business operations in the nation, it also has the objective to create more transparent and systematic mechanism ensuring time bound manner and for maximization of the value assets. One of the major challenges faced by the modern commercial sector is the reposition of faith of the creditors who put their hard-earned investments at the fate of the success of the business transactions undertaken.

Resolution Procedure

The enforcement of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "IBC") aims to balance the interests of all stakeholders by making the legal framework stronger in terms of reorganization and insolvency resolution of corporate persons. The IBC has been devised to complete the process or resolution within a period of 180 days from the date of admission of the application to initiate such process.

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