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

Bajpai-led committee suggests standard framework, timing, cost data tracking to reform insolvency code

A working group headed by former Securities and Exchange Board of India (SEBI) chairman GN Bajpayee has suggested that the Insolvency and Bankruptcy Board of India (IBBI) come up with a standardized framework with a real-time data bank with timely data . Cost and recovery rates along with macroeconomic indicators to assess the success of … Read more