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IBC: The Tension Between Value Maximisation And Predictability
In 5 years, the IBC has already witnessed a swing from one end of the spectrum to the other, writes Umakanth Varottil.
16 Jul 2021, 12:45 PM IST
The Insolvency and Bankruptcy Code, 2016 carries multiple objectives, as outlined in its long title, including the “reorganisation and insolvency resolution” of companies “in a time bound manner for maximisation of value of assets” in “the interests of all the stakeholders”. A natural question then arises: what if there are conflicts among these seemingly divergent goals. In his article titled “The Globalisation of Insolvency Reform”...
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