Insolvency and Bankruptcy Code, 2016
Act of the Parliament of India / From Wikipedia, the free encyclopedia
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The Insolvency and Bankruptcy Code, 2016 (IBC) is an Indian law which creates a consolidated framework that governs insolvency and bankruptcy proceedings for companies, partnership firms, and individuals.
Quick Facts The Insolvency and Bankruptcy Code, 2016, Parliament of India ...
The Insolvency and Bankruptcy Code, 2016 | |
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Parliament of India | |
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Citation | Act No. 31 of 2016 |
Territorial extent | India |
Passed by | Lok Sabha |
Passed | 5 May 2016 |
Passed by | Rajya Sabha |
Passed | 11 May 2016 |
Assented to | 28 May 2016 |
Commenced | 28 May 2016 |
Legislative history | |
First chamber: Lok Sabha | |
Bill title | The Insolvency and Bankruptcy Code, 2016 |
Bill citation | Bill No. 349 of 2015 |
Introduced by | Arun Jaitley |
Introduced | 21 December 2015 |
Committee report | Report of the Joint Committee |
Final stages | |
Reported from conference committee | 28 April 2016 |
Status: In force |
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