Insolvency and Bankruptcy Code
GPTKB entity
Statements (56)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:law
|
| gptkbp:aims_to |
promote entrepreneurship
balance the interests of all stakeholders |
| gptkbp:allows |
creditors to initiate proceedings
resolution professionals to manage processes |
| gptkbp:amended_by |
gptkb:Insolvency_and_Bankruptcy_Code_(Amendment)_Act,_2019
address issues raised by stakeholders |
| gptkbp:applies_to |
gptkb:individuals
corporate entities |
| gptkbp:effective_date |
December 1, 2016
|
| gptkbp:enables |
cross-border insolvency resolution
|
| gptkbp:enacted_by |
gptkb:Parliament_of_the_United_Kingdom
|
| gptkbp:enforces |
gptkb:National_Company_Law_Tribunal
gptkb:Debt_Recovery_Tribunal |
| gptkbp:establishes |
gptkb:Insolvency_and_Bankruptcy_Board_of_India
gptkb:Committee_of_Creditors |
| gptkbp:facilitates |
liquidation process
|
| gptkbp:governed_by |
gptkb:The_Insolvency_and_Bankruptcy_Code,_2016
|
| gptkbp:governs |
insolvency proceedings
|
| https://www.w3.org/2000/01/rdf-schema#label |
Insolvency and Bankruptcy Code
|
| gptkbp:includes |
Corporate Insolvency Resolution Process
Personal Insolvency Process |
| gptkbp:is_a_framework_for |
debt recovery
|
| gptkbp:is_a_key_component_of |
India's economic policy
|
| gptkbp:is_a_tool_for |
financial restructuring
|
| gptkbp:is_aimed_at |
protecting the interests of creditors
|
| gptkbp:is_applicable_to |
gptkb:India
|
| gptkbp:is_associated_with |
business failure
|
| gptkbp:is_criticized_for |
complexity in procedures
|
| gptkbp:is_designed_to |
increase recovery rates for creditors
streamline insolvency processes reduce the time for insolvency resolution |
| gptkbp:is_essential_for |
economic stability
investment climate improvement |
| gptkbp:is_implemented_in |
Insolvency professionals
|
| gptkbp:is_influenced_by |
global best practices in insolvency
|
| gptkbp:is_linked_to |
credit risk management
|
| gptkbp:is_monitored_by |
gptkb:Insolvency_and_Bankruptcy_Board_of_India
|
| gptkbp:is_part_of |
reforms in the Indian economy
the legal framework in India |
| gptkbp:is_recognized_as |
a significant reform in India.
|
| gptkbp:is_related_to |
financial distress management
|
| gptkbp:is_subject_to |
judicial review
|
| gptkbp:is_supported_by |
various stakeholders including banks and financial institutions
|
| gptkbp:mandates |
resolution plans to be approved by creditors
|
| gptkbp:mechanism_of_action |
dispute resolution in insolvency cases
|
| gptkbp:provides |
fast-track insolvency resolution
time-bound resolution process moratorium period during proceedings |
| gptkbp:replaces |
gptkb:The_Provincial_Insolvency_Act,_1920
The Presidency Towns Insolvency Act, 1909 |
| gptkbp:requires |
financial creditors to file claims
operational creditors to file claims |
| gptkbp:was_a_response_to |
the need for a comprehensive insolvency framework
|
| gptkbp:bfsParent |
gptkb:Arun_Jaitley
|
| gptkbp:bfsLayer |
6
|