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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. Here it shows just a few of many results. To view list of all cases mentioning this section, Visit here

            Provisions expressly mentioned in the judgment/order text.

            <h1>Understanding Bankruptcy vs. Liquidation: Key Differences and the Role of Insolvency Under IBC 2016.</h1> The relationship between bankruptcy, insolvency, and liquidation, explaining that bankruptcy involves legal proceedings for individuals or businesses unable to repay debts, while liquidation refers to winding up a corporation. Insolvency is a condition common to both, indicating the inability to pay debts. The Insolvency and Bankruptcy Code (IBC) 2016 aims to consolidate and amend laws related to insolvency resolution, maximize asset value, promote entrepreneurship, and enhance credit availability. Judicial pronouncements emphasize the Code's objectives to unify insolvency law, ensure timely resolution, and prioritize reviving companies over liquidation.

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