“Public Comments” on the Sick IBC (2016) to the IBBI
“Public Comments” on the Sick IBC (2016) to the IBBI “Public Comments” on the Sick IBC (2016) to the IBBI Posted on 27th June, 2024 (GMT 16:40 hrs) Dear DHFL Victims, Nearly four days ago, we found the following report on the Insolvency and Bankruptcy Board of India (IBBI): Insolvency and Bankruptcy Board clampdown on personal guarantors in bid to bolster creditor rights VIEW HERE ⤡ (As reported on 24th June, 2024 ©Telegraph) In the report, it was said that: “This lacuna in the system is underscored by the dismal recovery rate of merely 2.16 per cent for creditors from PGs under the Insolvency and Bankruptcy Code (IBC), according to the IBBI. Seeking to bridge this gap and strengthen the CIRP process, the IBBI has invited stakeholder feedback by July 10 on a series of proposals.” Since we had already made our voices clear on the IBC (2016) in our previous posts, we proceeded to find the portal to lodge the public comments with the help of the following...
