Knowing the Insolvency and Bankruptcy Act Because the IBC 2016 combines several previous Acts addressing bankruptcy and insolvency matters, it is referred to as a code. Sick Industrial Companies (Special Provisions) Act, 1985 and SARFAESI Act, 2002 are also among these legislation. Seeking local support in your area? Look for banking lawyers near me. More Information: https://tinyurl.com/58adenny #whatcomesfirstinsolvencyorbankruptcy #whatistheimportanceofbankruptcyAct #whatistheprocessofbankruptcyinsolvency #whatistheinsolvencybankruptcyact #Kolkata