Liquidation far exceeds cos rescued under IBC2 min read . Updated: 12 Jan 2021, 05:20 AM IST
- 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.
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