Abhipsa Sahu ( Gurugram )
27-Apr-2023 10:49 AM
Section 17 & Section 20?
Sir, what is the basic difference between Section 17 & 20 of IBC, 2016? In both of the section the management shifts to IR Pro. I'm not able to identify how management of affairs of CD is different from management of operations of CD.
Section 17 provides for shifting of management to IRPRO. and section 20 provides that IRPRO should make every endeavor to protect and preserve the value of the property of the corporate debtor and Manage the operations of corporate debtor as going concern.
Answer given by Shubhamm Sir at 28-Apr-2023 03:36 PM