IBC 2016: Clearing the Air
The Budget has taken the first step towards resolving issues around the Insolvency and Bankruptcy Code.
Enacted in 2016, the Insolvency and Bankruptcy Code, 2016 (IBC) has witnessed a lot of action in the last six months. However, there were many questions around the tax impact either on the Corporate Debtor (CD) or the Resolution Applicant. In his Budget speech, the finance minister indicated changes to the tax regime to accommodate
