Make In India: A Complete Perspective

This assignment analyses the various policies announced by the Govt. to facilitate the Make in India initiative, addresses financial shortcomings, implementation problems and solutions are discussed.

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This assignment analyses the various policies announced by the Govt. to facilitate the Make in India initiative, addresses financial shortcomings, implementation problems and solutions are discussed.
Corporate insolvency resolution process Section 6 of the Code provides that where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor. Section 7 provides the procedure for initiation of corporate insolvency resolution process by financial creditor. Section 8 and 9 provides the procedure for initiation of corporate insolvency resolution process by operational creditor. Section 10 provides the procedure for initiation of corporate insolvency resolution process by corporate applicant. The application for the corporate insolvency resolution process is to be filed by respective person before the Adjudicating Authority (National Company Law Tribunal), having jurisdiction. The Adjudicating Authority, after considering the application, either admit the application or reject the application.
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