{"id":116030,"date":"2021-07-30T15:20:56","date_gmt":"2021-07-30T09:50:56","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=116030"},"modified":"2021-07-30T15:20:56","modified_gmt":"2021-07-30T09:50:56","slug":"insolvency-and-bankruptcy-code-ibc","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/insolvency-and-bankruptcy-code-ibc\/","title":{"rendered":"Insolvency and Bankruptcy Code (IBC)"},"content":{"rendered":"<p>&nbsp;<\/p>\n<ul>\n<li><strong>The Insolvency and Bankruptcy Code, 2016 (IBC)<\/strong> is India&#8217;s bankruptcy law, which aims to unify the existing framework by establishing a single insolvency and bankruptcy law. In December 2015, the Lok Sabha passed the Insolvency and Bankruptcy Code.<\/li>\n<li><strong>The bankruptcy code is a one-stop shop for resolving insolvencies<\/strong>, which was formerly a time-consuming process with no economically acceptable remedy. The code strives to protect small investors&#8217; interests while also making the business process easier.<\/li>\n<li><strong>There are 255 sections<\/strong> and 11 schedules in the IBC.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Insolvency and Bankruptcy Code, 2016 (IBC) is India&#8217;s bankruptcy law, which aims to unify the existing framework by establishing a single insolvency and bankruptcy law. In December 2015, the Lok Sabha passed the Insolvency and Bankruptcy Code. The bankruptcy code is a one-stop shop for resolving insolvencies, which was formerly a time-consuming process&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/insolvency-and-bankruptcy-code-ibc\/\">Continue reading <span class=\"screen-reader-text\">Insolvency and Bankruptcy Code (IBC)<\/span><\/a><\/p>\n","protected":false},"author":10315,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-116030","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/116030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10315"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=116030"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/116030\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=116030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}