NEW DELHI: The Insolvency & Bankruptcy Code (IBC) has resulted in two cases being resolved under the new law for every one that goes into liquidation. This is a sharp contrast to 2017-18, when for every one resolution, five companies went into liquidation, latest data showed. This improvement is partly because the legacy cases related to liquidation have come down and also due to better quality of assets when they are admitted for corporate insolvency resolution.A number of initiatives are being taken to improve the outcomes of the Code (IBC). These include monitoring of cases pending for admission and ongoing CIRPs (corporate insolvency resolution processes). Further, the Insolvency & Bankruptcy Board of India (IBBI) revised its…
