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    The Insolvency and Bankruptcy Code 2016

    The Insolvency and Bankruptcy Code 2016

    IBC code – overview:

    Insolvency precedes bankruptcy and liquidation follow bankruptcy.

    Insolvency warnings:
    drop in sales
    delay in payments
    Increasing reliance on credit

    Cash flow test:
    when cash flow IN s less than cash flow OUT flow.

    This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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