Some question(1) Do all NPA go through IBC? Or is it upto committee of creditors to determine what path to take? Also what criterion determine NPAs will go through NPA. (2) If IBC is better than sarfesi or 5/25 scheme, why don't govt simply repeal other acts?
1. No, the creditors decide the recovery legislation. It can also be under the SARFAESI Act, RDB Act or even Civil Procedure Code. 2. IBC is not better or bad when compared to SARFAESI. Both have their own pros and cons, the creditor seeks remedy under the legislation that suits it better. Like take for instance, under IBC a creditor can directly file an application before the adjudicating authority (NCLT) for recovery whereas under SARFAESI, there is a waiting period of 90 days which is basically a window to the debtor to clear all his debts. There are also other provisions that affect the suitability of the laws to the creditor. Practically speaking, SARFAESI is sought more often by the banks.
Dear viewer...this is the best video on IBC act 2016 on TH-cam...
This channel is literally the best for its comprehensive coverage of economics concepts.
Is type ka content aap geography me bhi bnaiye pls
Great explanation...animations made the concept easy to understand
Very good explanation brother. I understand this topic by just watching it for the very first timeee ..... You are doing great brother ❤
Simple and Easy understanding Nicw
Some question(1) Do all NPA go through IBC? Or is it upto committee of creditors to determine what path to take? Also what criterion determine NPAs will go through NPA.
(2) If IBC is better than sarfesi or 5/25 scheme, why don't govt simply repeal other acts?
1. No, the creditors decide the recovery legislation. It can also be under the SARFAESI Act, RDB Act or even Civil Procedure Code.
2. IBC is not better or bad when compared to SARFAESI. Both have their own pros and cons, the creditor seeks remedy under the legislation that suits it better. Like take for instance, under IBC a creditor can directly file an application before the adjudicating authority (NCLT) for recovery whereas under SARFAESI, there is a waiting period of 90 days which is basically a window to the debtor to clear all his debts. There are also other provisions that affect the suitability of the laws to the creditor. Practically speaking, SARFAESI is sought more often by the banks.
Well explained sir ❤
Thanks
Please make videos on establishment of courts. Modern indian history ka ye ek important part h
Thank you so much sir 😊
Thank you so much! Prosper ✊🏼
Sir plsss Start Medieval history 😊
It is there on the app
Great ❤
Excellent Explaination sir..!✨🙏
Amazing!!!
please provide content in geography subject
Thankyou so much sir
Very gud lecture ❤❤
Sir start medieval history
Sir pls start a paid batch of
economy
thanks a ton...❤❤🙏🙏🙏🙏🙏🙏🙏🙏🙏
Can the debtor file bankruptcy?
Question: why will a promoter bid for its own stressed company? What is the benefit?
May be they didn't want to lose their assets and they had a hope to improve it instead of getting rid of it completely
too good
Good
Nice😊
Sir plz start geography class if possible
What if coc reject the application plan...?
180+90 days mai krna hota hai na
Kindly add these pdf on group
❤❤
🙌
👍🏿👍🏿👍🏿👍🏿
Thanku so much sir