Achievement of the Insolvency Code is that debtors now resolve defaults in early stages | The Indian Express

Achievement of the Insolvency Code is that debtors now resolve defaults in early stages | The Indian Express

Achievement of the Insolvency Code is that debtors now resolve defaults in early stages

MARCH 14, 2020 10:11:18 AM

Recovery is incidental under the IBC. Its primary objective is rescuing companies in distress. There is a myth that although the IBC process has rescued 200 companies, it has sent 800 companies for liquidation.