Coimbatore, Oct 27:
The time taken and costs involved in resolving disputes has crippled the entrepreneurial community in India. Statistics show that the recovery is only 20 per cent in India and in global ranking, the country is ranked in the 136th position with respect to the time taken for resolving disputes. China is in the 55th position, but the top four are Japan, Germany, the US and Korea, said Gopal Krishna Raju, Chartered Accountant and Council Member of the Institute of Chartered Accountants of India.
Delivering a special address at a meeting organised by the Indian Chamber of Commerce and Industry on ‘Insolvency and Bankruptcy Code (IBC) 2016 A tool for Business and Restructure of Borrowings’, he said …
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