10 Questions
Under which law does the present case raise interesting questions?
The Insolvency and Bankruptcy Code of 2016
What was the reason for the appellant's losses from August, 2012?
Labour problems
How many banking entities extended credit to the appellant?
19
When did the Insolvency and Bankruptcy Code of 2016 receive the Presidential assent?
28th May, 2016
When were the provisions of the Code brought into force?
November-December, 2016
Which sector does the appellant cater to?
Manufacturing
What was the reason for the appellant's losses from August, 2012?
Labour problems
How many banking entities extended credit to the appellant?
19
When did the provisions of the Code come into force?
November-December, 2016
What is the full name of the appellant in this case?
M/S. Innovative Industries Ltd.
Study Notes
Case Overview
- The present case raises interesting questions under the Insolvency and Bankruptcy Code of 2016.
Appellant's Background
- The appellant suffered losses from August 2012 due to business failures.
- The appellant caters to the infrastructure sector.
Banking and Credit
- Multiple banking entities, numbering five, extended credit to the appellant.
Insolvency and Bankruptcy Code
- The Insolvency and Bankruptcy Code of 2016 received Presidential assent on May 28, 2016.
- The provisions of the Code came into force on November 29, 2016.
Appellant's Identity
- The full name of the appellant in this case is not specified (further information is required).
Quiz: Understanding the Insolvency and Bankruptcy Code of 2016
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