Insolvency and Bankruptcy Code (IBC / Code) is a time-bound process for restructuring and revival of a Debtor Company, which involves the Committee of Creditors (CoC), Interim Resolution Professional (IRP) / Resolution Professional (RP) and the Adjudicating Authority (AA). IBC is a welcoming legislation, which has brought in a positive perspective of improving credit culture in India by creating a ‘creditor driven regime’ and the role played by judiciary in achieving the same is noteworthy. Read More