Insolvency and Bankruptcy Code
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Questions and Answers

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?

  • Labour problems (correct)
  • Technological obsolescence
  • Market competition
  • Financial mismanagement
  • 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?

    <p>28th May, 2016</p> Signup and view all the answers

    When were the provisions of the Code brought into force?

    <p>November-December, 2016</p> Signup and view all the answers

    Which sector does the appellant cater to?

    <p>Manufacturing</p> Signup and view all the answers

    What was the reason for the appellant's losses from August, 2012?

    <p>Labour problems</p> Signup and view all the answers

    How many banking entities extended credit to the appellant?

    <p>19</p> Signup and view all the answers

    When did the provisions of the Code come into force?

    <p>November-December, 2016</p> Signup and view all the answers

    What is the full name of the appellant in this case?

    <p>M/S. Innovative Industries Ltd.</p> Signup and view all the answers

    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

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