IBC Law – An insight into the Substantive & Procedural aspect of the Code – By M. L. Kabir, Insolvency Professional

The last couple of months and also in this month beginning a barrage of discussion papers on the various draft regulations were floated by IBBI ostensibly with the objective of making the code more exhaustive as well as effective. These discussion papers on draft regulations when crystalized into actual Regulations after taking into due consideration of the stakeholders’ comments, it becomes an integral part of the code and are expected to serve its primary objectives that were outlined in its Birth Certificate way back in 2016 when IBC was brought in through the parliamentary process prescribed under the Constitution. Let’s all participate actively in this journey towards making IBC as the flagship legislation of a New India