₹3.76 Lakh Crore in Avoidance Claims, Only ₹7,500 Crore Recovered; IBBI Plans New Framework

New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) is developing an inter-agency mechanism to improve the identification and recovery of funds and assets linked to fraudulent and suspicious transactions in corporate insolvency cases. The proposed framework is expected to facilitate faster and more coordinated sharing of information among the Ministry of Corporate Affairs…