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Q: The Insolvency and Bankruptcy Code, 2016 was enable creditors recovery money from debtors. When did this law get the nod of the President?
  • A. May, 2017
  • B. May, 2018
  • C. May, 2019
  • D. May, 2016
Correct Answer: Option D - Insolvency and Bankruptcy Code 2016 provides a time-bound individuals. It strengthens the provisions of the existing legislative framework to provide a common plateform to all classes of creditors and debtors for resolution of the problem of bankruptcy. This code was signed by the President on 28 May, 2016.
D. Insolvency and Bankruptcy Code 2016 provides a time-bound individuals. It strengthens the provisions of the existing legislative framework to provide a common plateform to all classes of creditors and debtors for resolution of the problem of bankruptcy. This code was signed by the President on 28 May, 2016.

Explanations:

Insolvency and Bankruptcy Code 2016 provides a time-bound individuals. It strengthens the provisions of the existing legislative framework to provide a common plateform to all classes of creditors and debtors for resolution of the problem of bankruptcy. This code was signed by the President on 28 May, 2016.