|Name:||The Insolvency and Bankruptcy Code, 2016 (No. 31 of 2016).|
|Subject(s):||Employment security, termination of employment|
|Type of legislation:||Law, Act|
|Entry into force:|
|Bibliography:||Legislation on-line India Code, Legislative Department, National Informatics Centre, Ministry of Communication and Information Technology PDF (consulted on 2016-12-19)
|Abstract/Citation:||An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
Repeals the Presidency Towns Insolvency Act, 1909 and the Provincial Insolvency Act, 1920.