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Resolution of stressed assets under insolvency and bankruptcy code 2016_2
What is the primary objective of the Insolvency and Bankruptcy Code (IBC) 2016 in the context of stressed asset resolution?
The primary objective is to provide a time-bound, market-driven process for resolving insolvency of corporate debtors, maximising asset value and promoting credit availability while balancing the interests of all stakeholders.
What is the full form of IBC as applicable to stressed asset resolution?
Insolvency and Bankruptcy Code enacted in 2016.
Which authority is the adjudicating authority for corporate insolvency resolution under IBC 2016?
The National Company Law Tribunal (NCLT) is the adjudicating authority for corporate insolvency resolution proceedings (CIRP) under IBC 2016.
Under IBC 2016, what is the minimum number of days for the moratorium period during CIRP?
Moratorium lasts throughout CIRP up to 180 days.
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