"Guide 2 Insolvency" can also be addressed as "IBC at Fingertips" and is a product of evolution in conceptualization of the subject. The Insolvency and Bankruptcy Code, 2016 is just not a set of laws. It is a complete Code in itself akin to that of an ecosystem which is best presented in a panoramic perspective along with case laws that essentially demarcate the expanse of applicability of each of its sections as well as regulations, rules etc.
A Comprehensive Resource: The website serves as a comprehensive resource of knowledge and information about the entire ecosystem of Insolvency Bankruptcy Code 2016. By compiling and organizing cases from different courts and tribunals, it offers a consolidated platform to develop in-depth understanding about the insolvency process and related legal provisions.
B Easy Navigation: Guide to Insolvency endeavors to usher in the concept of "IBC at fingertips". Though the author belongs to the generation of "Homo Neanderthalensis" the product is designed for " Homo Sapiens" who are all erudite in operating computer applications in any devise be it a Tab or a smart phone.
C Case-Specific Information: The inclusion of case lists related to specific topics within each section enhances the website's utility. Researchers and legal professionals can easily find relevant cases, examine their details, and analyse the judicial interpretations and precedents set in those cases.
Though two search options, namely "key word" search and "Case" search is there the author feels that both will be hardly used as simple glance through "Topics" would enable the viewer to locate what he/ she intends to find.
The main menu includes a Tab 'IBC' . A click on 'IBC' will show a dropdown of three items:
Corporate Insolvency
Individual and Firm and
Administrative
To quote the Hon'ble Supreme Court in the matter of Bank of New York Mellon London Branch Vs Zenith Infotech Ltd. Civil Appeal No. 3055 of 2017 "Insolvency and Bankruptcy Code, 2016 is a comprehensive Code." And "The code has been enacted and given effect to w.e.f. 1.12.2016."
In view of the above the profession of Insolvency Professional evolved around the end of the year 2016 and gained momentum from the year 2017.
Though the Code along with its regulations delineated the role as well as authority and responsibility of an Interim Resolution Professional / Resolution Professional/ Liquidator, most of us learnt the practical aspect of the profession through "hands on" experience.
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