The insolvency and bankruptcy code, 2016 is a landmark piece of legislation, aimed at rescue and resolution of companies, limited liability partnerships and individuals in financial distress. The focus of the code is to ensure, rehabilitation of insolvent firms and individuals, through a well regulated legislative frame work and in the event of failed resolution, to provide for liquidation / dissolution of firms, in an orderly fashion, which are aimed at maximisation of asset values and addressing the interests of stake holders. Company Secretaries and Insolvency professionals aid in advisory and provide support in this crucial area of practice. Principal consultant Mr. B V Ramesh, is a qualified and IBBI registered Insolvency Professional.