How ‘The insolvency and bankruptcy code’ helps to loot public money ‘legally’
A law called “The insolvency and bankruptcy code (IBC) 2016” was enacted in the parliament in May 2016 apparently to recover the mounting Non-Performing Asset (NPA) from the corporate sector. This law enables the Banks and other creditors to refer NPA accounts to IBC. On November 30, 2016, the rules...
