Companies in India not using IBC enough to resolve insolvency: IBBI chief

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Adani Enterprises Q3FY25 results: Net profit plunges 96.

It is preferable when companies come forward themselves, as that is when value destruction is the least.

Mittal said that cases worth Rs 11 lakh crore had been settled through IBC by withdrawal even before they reached the admission stage, showing that the IBC had changed the debtor-creditor relationship.“Fear of law is better than using the law.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Companies Bankruptcy IBBI chief IBC CIRPs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 17:24:00 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25629900

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