The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021
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Insolvency and Bankruptcy Code|Indian companies|Indian corporates
After suspension of the corporate insolvency resolution process (CIRP) is lifted after March 24, Insolvency and Bankruptcy Code (IBC)-related activity is likely to go up. However, experts are of the opinion that there wont be an immediate increase in the number of cases being filed at the National Company Law Tribunal (NCLT).
This is because financial creditors are likely to weigh their options carefully before taking a company through the insolvency process. But a surge in filings for CIR…
Read the full article at: https://www.business-standard.com/article/economy-policy/ibc-activity-likely-to-see-gradual-rise-after-resumption-say-experts-121032301580_1.html