Five years of IBC: A glass half full?
Gireesh Chandra Prasad 9 min read 18 Aug 2021, 11:05 PM IST
- Nearly half of the 2,653 firms that completed the IBC process got liquidated; only 13% got a fresh lease of life.
- However, not all businesses are asset-heavy. Many small businesses derive value only if the business is profitable. That is one reason why small businesses have very fewer takers
NEW DELHI : In the monsoon session of Parliament in 2016, the then minister of state for finance Jayant Sinha moved a Bill for the “creative destruction" of stressed businesses that had become a drag on the economy.
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