The question (15 marks)
Discuss the objects of the Insolvency and Bankruptcy Code, 2016 with reference to its long title, and examine how far the provisions of the Code give effect to those objects. (15 marks)
MU Module I, heads 1.1 and 1.2.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 1 · Foundations of the Code of Bankruptcy Laws.
Authorities you will need
- The long title of the Code
- Sections 12, 20, 31, 33 and 53 of the Code
- Sections 178, 188, 238 and 243 of the Code
- The statutory scheme of Parts II, III and IV read together
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.