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Questions and Answers
Under which law does the present case raise interesting questions?
Under which law does the present case raise interesting questions?
- The Code of Civil Procedure
- The Indian Penal Code
- The Insolvency and Bankruptcy Code of 2016 (correct)
- The Companies Act of 2013
What was the reason for the appellant's losses from August, 2012?
What was the reason for the appellant's losses from August, 2012?
- Labour problems (correct)
- Technological obsolescence
- Market competition
- Financial mismanagement
How many banking entities extended credit to the appellant?
How many banking entities extended credit to the appellant?
- 5
- 19 (correct)
- 30
- 10
When did the Insolvency and Bankruptcy Code of 2016 receive the Presidential assent?
When did the Insolvency and Bankruptcy Code of 2016 receive the Presidential assent?
When were the provisions of the Code brought into force?
When were the provisions of the Code brought into force?
Which sector does the appellant cater to?
Which sector does the appellant cater to?
What was the reason for the appellant's losses from August, 2012?
What was the reason for the appellant's losses from August, 2012?
How many banking entities extended credit to the appellant?
How many banking entities extended credit to the appellant?
When did the provisions of the Code come into force?
When did the provisions of the Code come into force?
What is the full name of the appellant in this case?
What is the full name of the appellant in this case?
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).
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Description
Quiz: Understanding the Insolvency and Bankruptcy Code of 2016
