Insolvency & Bankruptcy Software In India

A Complete Corporate Insolvency Resolution Software & Liquidation Management Software Platform for Insolvency & Resolution Professional. Rated #1 by NCLT

The voluntary liquidation comes as a relief while you decide to shut down your company. It’s vital to have clarity on the liquidation process so you can make informed decisions about what to do next.

The present article discusses the major amendments introduced in the Insolvency and Bankruptcy Code, 2016 (IBC) by The** Insolvency and Bankruptcy Code **(Amendment) Ordinance, 2019 dated December 28, 2019 (The Amendment Ordinance).

India’s world ranking has improved due to Insolvency & Bankruptcy Code 2016 which allows businesses to resolve it’s insolvency in a limited time period.

A particular MPID courtroom on Wednesday handed an order temporarily excluding four luxury vehicles, such as a Porsche, belonging to one of those companies of condemned developer DS Kulkarni, alias DSK, by a public auction process scheduled for February 15.

Bankruptcy software is an essential tool used for providing guidance and services during the IVA process. To initiate the insolvency process and help those in debt, the use of insolvency software is required.

The beginning of the months is the best for many reasons! It helps in giving you a fresh start, new events that take place, but most importantly, it is the time when you get your first pay check. The reassuring message that you earn when you see that there is sufficient balance in your savings account is very comforting.

Bankruptcy, failure, collapse, or ruin are all synonymous with insolvency. It is the worst nightmare for both creditors and debtors. For someone who is facing a severe financial problem and risk becoming insolvent, here we present you with a few options that you can consider to satisfy insolvency legally. But before we talk about resolving financial difficulties and debts, let’s understand what personal insolvency means. According to the Insolvency Act, personal insolvency is defined as not being able to pay debts by the due date. To put it more clearly, if the creditor makes a statutory demand for an unpaid debt to the debtor and the debtor is unable to pay back within the stipulated time, he/she (the debtor) is declared insolvent.