The Insolvency and Bankruptcy Code, 2016 has definitely aided in resolution of various businesses to run them on going concern basis. The actual success of the code is when the number of CIRPs resulting in resolutions exceed those resulting in liquidation which is not the case as on today. The article targets at highlighting various facts and statistics in terms of the initiation and status of the CIRPs including those which are resolved or liquidated.
wing to several reasons, best known to the people of UK, Theresa May, on May 24, 2019, announced that she’d resign from her office as Prime Minister with effect from June 7, 2019. After such a tremendous career in politics what led her to step back from her position at a time when the UK needed a stable leadership? Team VirtuaLaw made its research to identify five (5) probable reasons which paved way to the end of the political journey of a legendary politician.