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Taxmann s Analysis Innovating Insolvency IBBI s Progressive Approach to Personal Guarantor Cases Book PDF Summary

The Insolvency and Bankruptcy Code (IBC) plays a pivotal role in providing a structured framework for insolvency resolution processes, ensuring fairness and transparency. The primary focus is on rehabilitating the debtor rather than simply adjudging them as insolvent. This article discusses the proposal to appoint a Resolution Professional (RP) in Personal Guarantors (PG) cases to streamline Insolvency Proceedings. The proposal also suggests sharing a copy of the RP's report with both the debtor and the creditor to enhance clarity. Additionally, it advocates making the meeting of the creditors mandatory in all PG insolvency matters.

Detail Book of Taxmann s Analysis Innovating Insolvency IBBI s Progressive Approach to Personal Guarantor Cases PDF

Taxmann s Analysis   Innovating Insolvency     IBBI s Progressive Approach to Personal Guarantor Cases
  • Author : Taxmann
  • Release : 04 October 2023
  • Publisher : Taxmann Publications Private Limited
  • ISBN : 978186723xxxx
  • Genre : Law
  • Total Page : 12 pages
  • Language : English
  • PDF File Size : 8,8 Mb

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