Insolvency Code definition

Insolvency Code means the Insolvency and Bankruptcy Code, 2016.
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Insolvency Code means the Insolvency and Bankruptcy Code, 2016 (31 of 2016);
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Insolvency Code or “Insolvency Act” or “IBC” shall mean the Insolvency and Bankruptcy Code, 2016 and the rules and regulations thereunder (to the extent notified).
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Examples of Insolvency Code in a sentence

  • If a party becomes insolvent pursuant to § 94 of the German Insolvency Code (Insolvenzordnung, "InsO"), it is agreed that the accrued claims of the other party shall fall due upon the commencement of insolvency proceedings.

  • The Obligor has taken or suffered to be taken any action towards its liquidation or dissolution or insolvency or towards reduction in its capital (including under the Insolvency Code), or if an order is made or an effective resolution passed for the winding-up or dissolution, judicial management or administration of the Obligor.

  • As a prior action, the authorities will introduce amendments to the Insolvency Code to further simplify and accelerate the course of insolvency procedures involving SMEs. By end-June 2017, the authorities will assess the effectiveness of the legal and institutional framework for the household insolvency law (Law 3869/2010) and present a report with suggestions to address potential problems and shortcomings, especially the speed of processing of cases, the elimination of the risk of procedural abuses.

  • Section 119 of the Insolvency Code shall not be prejudiced hereby.

  • This subordination also applies to the final distribution of liquidation proceeds pursuant to § 199 German Insolvency Code in the event of an insolvency proceeding (Insolvenzverfahren).


More Definitions of Insolvency Code

Insolvency Code means Insolvency Code as defined under Regulation 2(1)(na) of SEBI (LODR) Regulations, 2015, including any modifications, amendments, clarifications, circulars or re-enactments thereof.
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Insolvency Code means the Insolvency and Bankruptcy Code of India, 2016.
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Insolvency Code means Insolvency and Bankruptcy Code, 2016.
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Insolvency Code means the German Insolvency Code (Insolvenzordnung (InsO));
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Insolvency Code means the Insolvency and Bankruptcy Code, 2016 and the rules and regulations framed thereunder, as amended from time to time.
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Insolvency Code means Insolvency Code as defined under Regulation 2(1)(na) of Listing Regulations, as amended from time to time.
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Insolvency Code means Insolvency Code as defined under Regulation 2(1)(na) of the Listing Regulations, including any modifications, amendments, clarifications, circulars or re-enactments thereof.
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