Liquidation far exceeds cos rescued under IBC
No. of liquidation orders is 3-4 times the revival plans cleared in a quarter
In Q2 of FY21, 68 companies faced liquidation against 22 businesses making resolution plans
NEW DELHI : Unviable companies liquidated under the Insolvency and Bankruptcy Code (IBC) far outnumbered those rescued since the new bankruptcy framework came into force four years ago, indicating the challenges facing the economy.