The IBC frame needs a booster dose; debt resolutions ease in two years
According to statistics from the Insolvency and Bankruptcy Board of India, since the IBC provisions came into force in December 2016, no less than 5,258 insolvency cases have been filed by lenders.
Insolvency and Bankruptcy Code | IBC | NCLT
Debt settlement for businesses that are sick or have failed to repay their dues has slowed significantly under the Insolvency and Bankruptcy Code (IBC) 2016, over the past two years after the initial euphoria has seen several successful acquisitions by major companies, including the Tatas, Reliance and the world’s largest steelmaker, ArcelorMittal.
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First published: Monday, June 13, 2022. 06:02 IST