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Legal● Neutral for Indian equities
Delays, recoveries and ethics pose key challenges for IBC: IBBI chairperson
The brief
- IBBI chairperson Jayanti Prasad flagged delays, ethics and realisations as IBC challenges
- NCLT President Anupinder Singh Grewal cited vacancies and sought a higher filing
- IBC delays and recoveries affect Indian lenders and creditors’ resolution prospects
- PC Jeweller clears dues to all 14 consortium banks and becomes debt-free
- Adani Power share price jumps after receipt of NCLT nod for merger of 10 wholly owned subsidiaries