Insolvency and Bankruptcy Code 2016
The Insolvency and Bankruptcy Code 2016 is a novel initiative which aims at a complete overhaul of the corporate debt legislation. It marks the dawn of a new era, an era of progressive thinking, greater transparency and stake holder activism. The new code seeks to repose lenders’ confidence in corporate debt structure and brings out legislation in line lenders and borrowers requirements and expectations.
Time has come where we need to let go off the old debt recovery laws and embrace the new legislation. The Insolvency and Bankruptcy Code 2016 brings with it an array of welcome changes in almost every aspect of debt recovery.
The new Code requires an indepth study and analysis to appreciate the intention of the legislature and to face the new opportunities and challenges with ample preparedness.
To start on this journey of fresh learning, I am sharing my recent article on the topic “The Insolvency and Bankruptcy Code 2016 – A dawn of new era of Debt Reforms” for the benefit of fellow professionals and others. Kindly go through the article and share your views to enrich and improve my knowledge in this new code.
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M/s. S D h a n a p a l & A s s o c i a t e s
(a Firm of Practising Company Secretaries)
Suite No.103, First Floor, Kaveri Complex,
96/104, Nungambakkam High Road,
(Next to NABARD and ICICI Bank),
Nungambakkam, Chennai – 600 034.
Land-line 044 – 4553 0256 / 0257
The firm was conceptualized with the idea of looking at all corporate transactions and compliances in a different facet, in a manner that the approach always keeps both law makers and corporates at win-win situation. From its humble beginnings as a sole proprietary concern, the firm has come a long way with a vibrant team of consisting of around 30 dedicated people consisting of nearly ten company secretaries, 2 In-house Advocates,number of employees and few secretarial trainees. Mr. Dhanapal, founding member, continues to lead and mentor the firm.
With its rich and diverse experience in the field of corporate compliances, the firm has carved its name in the market as a leading and iconic company secretary firm providing holistic services in the field of Secretarial, Legal, IPR and Foreign Exchange Related Matters.
The firm is an equal opportunity employer and derives its strength from the commitment, dedication, hard work and relentless pursuit for excellence of its team members. The firm practices the motto of providing outstanding and dedicated services to its clients in a timely and cost efficient manner