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Resolution Professionals: A Case Study Under IBC




Raghav Agarwal, BBA LLB (Hons.), Christ (Deemed to be University, Pune, Lavasa)


ABSTRACT


In India, there are several professions and the professionals who are adherents to these professions. A person who identifies himself with a profession having expertise in a field of activity and considers issues place before him in an objective and impartial manner subject nevertheless to a code of conduct. The Insolvency and Bankruptcy Code is transformational piece of legislation as it seeks to establish an ecosystem for handling Insolvency & Bankruptcy issues. Most importantly it offers an exit plan to all categories of persons – corporate, stakeholders, individuals and partnership firms, apart from over hauling century old legal framework. Hence it is a game changer in which the Bankers, Courts, Investors, and the initiators of insolvency proceedings will have to work in harmony for devising either a survival plan or liquidation of sick units and others facing debt default.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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Licensing: 

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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