Anything that can go wrong may have gone wrong with IBC
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
IBC 2.0 may include a full-fledged individual insolvency framework, pre-packaged insolvency for bigger corporates, group insolvency framework and use of tech in IBC.
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.