Author: Ancoraa Resolution

Ancoraa Resolution is a financial services firm focussed on debt resolution and financial restructuring. Ancoraa Resolution helps suppliers file the insolvency applications and get their dues faster by leveraging its technology platform and speeding up the recovery process. With over 35 licensed Insolvency Professionals located across 14 cities in India, Ancoraa Resolution ensures that you are equipped to take speedy action in matters of insolvency, debt resolution and liquidation.

It has been five years since the Insolvency and Bankruptcy Code 2016, a statute created to codify the framework of the existing insolvency and bankruptcy laws, was adopted. If you’re a corporate entity or an individual struggling with debt resolution concerns, getting a brief overview of the code intended to provide legal assistance in such circumstances is certainly beneficial for you. Insolvency Resolution Process Under Bankruptcy and Insolvency Code Firstly, the Code has helped reduce the time required to resolve an insolvency crisis on average from 1500 days to 380 days! According to the IBBI, the legislation has given financial…

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