IBC process needs a re-look – Explained, pointwise

Introduction Many experts are questioning the Insolvency and Bankruptcy Code (IBC) and its effectiveness. Recently, The IBC process for the sale of Videocon to the Vedanta group resulted in a haircut of a whopping 95.85 percent. This means the banks will recover only 4.15 percent of their total admitted claims of Rs 64,838 crore. The… Continue reading IBC process needs a re-look – Explained, pointwise