What is Bankruptcy?

Bankruptcy is a procedure by the court when a magistrate and trustee examines the assets and obligations of people, partnerships, and corporations who do not consider their debts to be so overwhelming.

The Court rules that debts, i.e. those who owe, no longer have to be paid lawfully. The court might also reject the lawsuit if the individual or company thinks that it has the property to pay its debts.

In order to allow individuals to begin when their…

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In order to consolidate and modify the laws concerning the reorganisation and insolvency of business persons, partnership companies, and individuals in a timely manner for the purpose of maximising their assets, encouraging entrepreneurship, availability of credit, and balancing the interests, including those of all stakeholders, of insolvency and Bankruptcy Code 2016

Corporate Insolvency Resolution Process

Corporate insolvency deals with corporate insolvency like private limited… Continue

NBFC denotes a financial non-banking enterprise. NBFC consists of insurance firms, large stocks – Broking businesses or enterprises that lend to vehicles, houses, machines and aeroplanes or even to your mobile telephones occasionally. You probably have heard the name Bajaj finserv, the financial support business for physical products such as AC, Mobile, Refrigerator, etc.

NBFC registration offers a variety of… Continue

The financial non-banking companies are companies registered under the Companies Act 2013, which are responsible for receiving deposits, advances, loans, and the procurement of stocks, shares and bonds, debenture, and securities provided to the government. The companies are registered under the Companies Act 2013. The NBFCs are registered and participated actively in…

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