{"id":548418,"date":"2023-01-19T11:41:26","date_gmt":"2023-01-19T06:11:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=548418"},"modified":"2023-01-19T12:58:42","modified_gmt":"2023-01-19T07:28:42","slug":"six-years-of-ibc-2016","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/six-years-of-ibc-2016\/","title":{"rendered":"Six years of IBC 2016"},"content":{"rendered":"<p>In a major economic reform, the Parliament of India enacted The Insolvency and Bankruptcy Code, 2016 (IBC) in May 2016 to provide for insolvency resolution of distressed entities in a time bound manner for maximisation of value of assets of such entities and to balance the interests of all stakeholders. The IBC was enacted to ensure a cultural transformation in the existing insolvency and bankruptcy landscape. It established a new architecture for insolvency resolution and liquidation of unviable entities.<\/p>\n<p><a href=\"https:\/\/livemedia.press\/product-category\/subscribe-il\/?v=56b5fbba0fe8\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\" alignright\" src=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" alt=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major economic reform, the Parliament of India enacted The Insolvency and Bankruptcy Code, 2016 (IBC) in May 2016 to provide for insolvency resolution of distressed entities in a time bound manner for maximisation of value of assets of such entities and to balance the interests of all stakeholders. The IBC was enacted to ensure a cultural transformation in the existing insolvency and bankruptcy landscape. It established a new architecture for insolvency resolution and liquidation of unviable entities. &nbsp;<\/p>\n","protected":false},"author":1,"featured_media":548419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119],"tags":[],"class_list":["post-548418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazinenews"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=548418"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media\/548419"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=548418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=548418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=548418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}