The research wing of Insolvency and Bankruptcy Board of India has suggested an online platform for sale of stressed assets to bring in more transparency and better price discovery.
In its assessment report on Corporate Insolvency and Resolution Timeline, it said the platform can be prepared on similar lines as investindia.gov.in specifically for stressed assets undergoing insolvency with more user-friendly filters such debt size, location and sectors.
The research has pointed out that for every one case resolved under the Code, four cases end up in liquidation. In about 25 per cent of the cases CoC (Committee of Creditors) rejected a resolution plan and pushed company into liquidation due to high haircuts and presence of single bidder.
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