FM Nirmala Sitharaman highlights the success of IBC in resolving cases and improving corporate governance. IBC rescued 3,171 distressed companies in 7 years, contrasting with less than 3,500 cases resolved by BIFR in 30 years. The law promotes responsible credit behavior and prioritizes resolution over liquidation, aiding in job preservation and asset value. Sitharaman credits IBC for helping banks recover from the NPA crisis and building trust in the financial system.
Modi govt's IBC helped resolve NPA crisis created by Congress, allies: FM Sitharaman moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Moneycontrol Selects: Top stories this evening moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
FM Nirmala Sitharaman highlights success of IBC, lashes out at Congress for holding back reform prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
FM highlights IBC outcomes; says Cong encouraged only regressive policies dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.