The preamble of IBC code 2016 commences with the main objective of
insolvency resolution of corporate persons, individuals, partnership persons
,in a time bound manner for Maximisation of Value of assets of such persons,
to promote entrepreneurship and availability of credit, balancing the
interest of all stakeholders.
The author advocates in the ensuing paragraphs that the Valuer has to
acquaint himself with IBC code 2016 to understand the subtleties in the
various stages of the process of Insolvency resolution.
Understanding the whole gamut of terminology in CIRP will facilitate the
valuer with a holistic view instead of piecemeal approach.