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5) The bankruptcy and insolvency code, which received the Parliament’s nod in May 2016, has a wide ambit under its jurisdiction including individuals, companies, limited liability partnerships, partnership firms and other legal entities. Can this code be effectively implemented in India? What challenges does it face? Critically examine.

Topic:  Dispute redressal mechanisms and institutions

5) The bankruptcy and insolvency code, which received the Parliament’s nod in May 2016, has a wide ambit under its jurisdiction including individuals, companies, limited liability partnerships, partnership firms and other legal entities. Can this code be effectively implemented in India? What challenges does it face? Critically examine. (200 Words)

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