Insolvency resolution: The IBC story so far and the way forward
Insolvency resolution: The IBC story so far and the way forward SECTIONS Last Updated: Jan 22, 2021, 11:56 AM IST Share Solution: SEBI, IRDAI and RBI need to enable legislations and/or guidelines jointly to avoid blind spots. Insolvency and Bankruptcy Code 2016, (IBC) in a span of four years, has turned out to be the proverbial giant in the annals of Indian corporate law. The legislation catapulted India in World Bank’s Doing Business rankings from a lowly 142 in 2014 to 63 in 2019. Though not a recovery mechanism, IBC resulted in mean recoveries of 44% for financial creditors in comparison...
Source: indiatimes.com