The Corona virus outbreak and the nation wide lockdown to curb spreading of infection have significantly impacted economic activities in the country . In a major relief for corporate borrowers hit hard by the corona virus pandemic , the government has amended the Insolvency Law to suspend up to one year provisions that trigger insolvency  proceedings  against defaulters . Discuss the relevant  provisions of Corporate Insolvency Resolution Process under IBC 2016 and the impact of government decision over defaulting companies and economy . ?

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The Insolvency and Bankruptcy Code IBC of 2016 is a comprehensive legislation that provides a framework for the resolution of insolvency and bankruptcy proceedings in India Under the IBC the Corporate ... View the full answer