PROMOTERS WHO DEFAULT ARE TAKING ADVANTAGE OF NEW IBC PROVISIONS AND MISUSING THEM TO ESCAPE ACTION UNDER OLDER LAWS.
Unscrupulous promoters are trying to manipulate the Insolvency and Bankruptcy Code (IBC). And the provision they seem to be ‘misusing’ most is the one that allows corporate defaulters to start bankruptcy proceedings against themselves. As of now, the IBC provides a stay on the continuation of proceedings or suits, against a corporate debtor and its assets if insolvency proceedings are pending.
هذه القصة مأخوذة من طبعة May 6, 2018 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 6, 2018 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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