Abstract
The Insolvency and Bankruptcy Code (IBC) 2016 is an important Indian law that has greatly transformed the management of insolvencies by providing a comprehensive framework for resolving problematic assets. This brief provides a comprehensive explanation of the complex procedures and rules incorporated into the IBC for managing debtors. The main goal of the IBC is to promote early resolution of insolvency, which will increase the value of troubled assets and provide a favorable environment for firm growth. This objective focuses on the various settlement procedures that are required under the IBC. These encompass a variety of methods for managing financial affairs.
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