🙏IBC 2016–the likely biggest overhaul since inception –[1] separate framework for real estate insolvency–with some exceptions [2] more power to Adjudicating Authorities [3] mandating of admission of insolvency applications by financial creditors [4] proposing a mechanism to include assets of guarantors — in certain cases — in general pool of assets available for CIRP process —courtesy Business Standard 20.6.23