IBC suspension leaves door open for fraud: Experts

As per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurring during the suspension period. This implies that promoters of companies that have the capacity to repay dues could force a default during this period and never be held accountable under the IBC, experts said.

Want to know more on IBC suspension leaves door open for fraud: Experts click here go to market news source. Market news summary from The Economic Times.Author: …

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Want to know more on IBC suspension leaves door open for fraud: Experts click here go to market news source.
Market news summary from The Economic Times.
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