In the Indian banking sectors chase towards better NPA and distressed asset resolution governance, the Insolvency and Bankruptcy Code is a good tool. It surely has brought increased corporate accountability to the overall system. Especially considering what it has achieved so far and what it has taught as limitations so far.
The first objective of the IBC is resolutionsaving a business as a going concern through restructuring, change in ownership, mergers, and other methods. The second objective is to maximise the value of the assets of the corporate debtor, and the third objective is to promote entrepreneurship, increase the availability of credit, and balance interests. For regulatory and policy experts, it is worth an exercise to dete…
Read the full article at: https://www.ndtvprofit.com/opinion/insolvency-and-bankruptcy-code-value-discovery-or-value-recovery