What is Insolvency and Bankruptcy Code (IBC)?
Nexa Consultancy | Startup & Finance Glossary
The bankruptcy law of India which seeks to create a single law for insolvency and bankruptcy.
Startup Example: A startup is unable to pay its debts to a lender. The lender can initiate proceedings under the IBC to either try and revive the company through a resolution plan or liquidate its assets to recover the debt.
Understanding solvency is a key part of our Virtual CFO risk assessment.