IBC @ 5 Plays Saviour to 396 Corporates

Dhrupad Vaghani has been quoted in The Hindu Business Line in their article on ‘IBC @ 5 plays saviour to 396 corporates’. The Insolvency and Bankruptcy Code (IBC), which has now turned five, has helped rescue as many as 396 companies till June 30 this year.

Against this backdrop, Dhrupad shares his opinion stating that IBC has been successful in maximizing the value of the stressed companies as the recovery of debts should be ascertained not by comparing the realized amount with the admitted claims, but rather by comparing the realized amount with the value of assets of the company under stress – liquidation value.

Read the comment and detailed article here: https://lnkd.in/ewiTKTnt