The Insolvency and Bankruptcy Code is a law that provides a framework for the resolution of insolvency and bankruptcy cases. Insolvency refers to the inability to pay debts when they are due, while bankruptcy is a legal process initiated when a person or entity is unable to pay off their debts.
What is Insolvency and Bankruptcy Code (IBC)? Print
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.