Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Insolvency and Bankruptcy Fund Supports Resolution and Liquidation; Funded by Grants and Contributions, Managed by Government Appointed Administrator.</h1> The Insolvency and Bankruptcy Code, 2016, establishes the Insolvency and Bankruptcy Fund to support insolvency resolution, liquidation, and bankruptcy processes. The Fund is financed through government grants, contributions from individuals, other sources, and investment income. Contributors can apply to withdraw funds during proceedings for payments to workmen, asset protection, and other prescribed purposes. The Central Government is responsible for appointing an administrator to manage the Fund as prescribed.
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