insolvency law: Thousands of debtors resolving cases before admission under insolvency law: IBBI

The Insolvency and Bankruptcy Code (IBC), introduced in December 2016, provides for a time-bound and market-linked resolution of stressed assets. "The credible threat of the Code, that a CD may change hands, has changed the behaviour of debtors. Thousands of debtors are resolving distress in early stages of distress.

Related Keywords

New Delhi ,Delhi ,India ,Ravi Mital ,Supreme Court ,Corporate Debtors ,Bankruptcy Code ,Bankruptcy Board ,Corporate Insolvency Resolution Process ,Personal Guarantors ,Insolvency Law ,Kibbi ,Resolution Process ,Debtors ,Creditors ,Default ,Bankruptcy ,Cibc ,Insolvency Applications ,