Corporate Legal Associate
Corporate Legal Associate Interview Questions and Answers
Q1. Tell me about IBC law
IBC law refers to the Insolvency and Bankruptcy Code, which is a law that deals with insolvency and bankruptcy proceedings in India.
The IBC law was enacted in 2016 and replaced several existing laws related to insolvency and bankruptcy.
It provides a time-bound process for resolving insolvency and bankruptcy cases.
The law aims to promote entrepreneurship and ease of doing business by providing a quick and efficient mechanism for debt recovery.
Under the IBC law, a creditor can ...read more
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