Over 13,000 IBC applications are currently pending in NCLT, where only matters seen as urgent are being heard. With such a large number of cases in pipeline, resolution professionals feel there’s stil
While stressed companies may have got a breather from loan defaults with the suspension of insolvency and bankruptcy code (IBC) provisions that trigger insolvency, many resolution professionals may be facing the brunt of an unexpected loss in business.
Many firms, industry experts said, had expanded their insolvency division in the past one year with a rising number of CIRP applications being filed. While the big ones will not see much impact, smaller firms will face issues, …
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