Through this program, learners will understand the consolidated legal framework of "Insolvency and Bankruptcy Code, 2016". Prior to this several laws of different applications as well as jurisdictions and therefore confusion, overlapping, inefficiency, and conflict of laws prevailed in the economy. This led to the demand and urgency to create a single law that would bring all the cases of insolvency and bankruptcy under a single umbrella to make the legal process efficient, time-bound, and be fair to creditors as well as debtors.
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