IBC and the 'de-stressing' of India Inc - The Hindu BusinessLine
IBC and the ‘de-stressing’ of India Inc Key law: The IBC is a one-stop solution for resolving insolvencies× Thanks to the bankruptcy code, distressed firms are able to better access short- and long-term debt funds The Covid-19 pandemic has been driving corporate failures around the world, including in India. In the absence of the much-needed institutional arrangements in many developing countries, following default, a given firm’s management, capital and labour would come to a standstill, pushing it into liquidation. A sound bankruptcy process can rapidly resolve such a default scenar...
Source: thehindubusinessline.com