ED Puts Insolvency Fraud Under Spotlight as IBC Cases Face Fresh Scrutiny

A ₹6.5 crore settlement against claims exceeding ₹22,000 crore has renewed scrutiny of alleged manipulation in India’s insolvency process. Why Is the Insolvency Process Under Scrutiny? The settlement involving Zee founder Subhash Chandra has brought fresh attention to the effectiveness of the Insolvency and Bankruptcy Code and whether the Corporate Insolvency Resolution Process is being…

Earlier action, faster recovery, tougher on fraud: Insolvency Service launches strategy to strengthen confidence and growth

Helping those with personal or business problems seek help before things get worse for them.  Providing faster routes through the insolvency process, with money and assets returned sooner.  Improved action against abusive businesses practices – including abusive high street and phoenix companies. The Insolvency Service says it can drive even greater impact by helping people…