Liquidation is anti-thesis of resolution, says IBBI chief
So far, more than 500 cases have been admitted by the NCLT for resolution under the Insolvency and Bankruptcy Code
New Delhi: Insolvency resolution process seeks to ensure that a company exists and the intention is not to sell it in pieces, Insolvency and Bankruptcy Board of India (IBBI) chairperson M.S. Sahoo said on Wednesday as he asserted that liquidation is anti-thesis of resolution.
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