In this edition, we’re going to try and take stock of where IBC is at the moment, where it seems headed and what can we do to prevent it going the all-too familiar route of the Debt Recovery Tribunals set up under the 1993 Act, Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest (SARFAESI) Act, 2002 and the BIFR (Bd for Industrial and Financial Reconstruction) of the 1980s.
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