In the quarterly newsletter report, the Insolvency Bankruptcy Board of India (IBBI) has observed a consistent upward trend in resolutions and a significant downward shift in the number of liquidations, starting from 2020-21. “Over the years, more and more companies are being resolved under IBC and the number of liquidations is going down,” the report observed that the ratio of liquidations to resolutions is also on a downward trend.
The Insolvency and Bankruptcy Code, 2016 suggests liquidation to be the last resort for the distressed companies after all attempts to resolve the company fail. The report observed that there is a visible trend reversal…
