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Avoidable Transactions & Role of Liquidator over Exclusion Contracts: IBC

The primary goal of Insolvency and Bankruptcy Code (hereinafter IBC) is to protect corporate debtors (hereinafter CD) in distress as well as to provide an efficient debt recovery mechanism in order to protect the creditors. If any company defaults on its payments and becomes insolvent, IBC confers upon the Financial or operational creditors the right …

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