RESOLUTION PROFESSIONAL: ROLE, APPOINTMENT AND ITS IMPACT ON THE COMPANY'S LIQUIDATION

Abstract

The most significant alternative reform in the Indian legal system is the IBC. It is because the Insolvency and Bankruptcy Code, 2016 (IBC) is giving India a new identity and economic legitimacy on a global scale while simultaneously emphasizing its importance in the legal sphere. India's bankruptcy law, the Insolvency and Bankruptcy Code of 2016, aims to unify the existing system by combining insolvency and bankruptcy under a single body of law. The study is of a descriptive kind. Moreover, the article also discusses the function of the resolution specialist and how it contributes to the liquidation process.