
IBC -the excerpts tell the whole story–[1] Creditors have become more pragmatic in using IBC–[a] delays in the resolution process–[b] prolonged litigation –and [c] erosion of asset value have made stakeholders think twice before initiating insolvency proceedings [2] Section 29[A] is the wall that manipulative owners are not able to demolish -and [3] Possibility that the owner will lose control is the most powerful deterrent [4] The fear of the Code rather than the efficiency of its processes is increasingly what drives timely settlement and resolutions–Article BS
