Watch: Strike a balance between business knowledge and judicial wisdom to reduce haircuts under IBC

The NCLT, as an adjudicating authority, is often blamed for its failure to maximize the value of the corporate debtor while approving the resolution plan. Contrary to the stated objective of the Insolvency and Bankruptcy Code, 2016 (IBC) to maximize the value resolution process, there has been a deduction of up to 95% for financial … Read more