5 spectacular Indian failures that warns about the perils of excessive debt | Unsplash – Melinda Gimpel
According to government data, in June this year, as many as 1,999 cases of corporate insolvency resolutions process were ongoing under the insolvency law. In total, the Insolvency and Bankruptcy Board of India (IBBI) have received 6,231 complaints and grievances, of which 6,172 have been disposed of post examination.
There have been questions about how effective the Insolvency and Bankruptcy Code (IBC) has been in reducing the damage done by companies that are going bankrupt because of an unsustainable policy environment or poor corporate governance, or misuse of funds by promoters or businesses. There may also be certain changes in th…
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