India’s Bankruptcy Board chief does not want IBC to be used at all; here’s why

Days after the successful Rs 36,400 crore buyout of debt-ridden Bhushan Steel by a Tata Group company, Bankruptcy Board chief MS Sahoo said that the best use of the Insolvency and Bankruptcy Code (IBC) is not to use it at all.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IY5oCg