Insolvency and Bankruptcy Code 2016 – Decoded.
Analysis by K.R. Bulchandani, Advocate & Solicitor, ably assisted by Mr. Avik Sarkar & Mr. Amit Nikam, Advocates, team of M/s. Kamal & Co., Mumbai.
Effective date:
The Code has come into effect in phases from 05.08.2016 to 15.12.2016. Some provisions are yet to come into effect.
The Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 have come into effect from 01.12.2016.