Tag: idnia

NEW DELHI: Despite efforts by the government and the Insolvency and Bankruptcy Board of India (IBBI), there is fresh slippage in the share of corporate insolvency cases going beyond the mandated 270 days for resolution, with an average 521 days taken for conclusion of the process.Data released by IBBI showed at the end of June, 65% of the cases have dragged on for over 270 days, compared to 61% a year ago and 75% at the end of June 2021. IBBI, however, said it is seeking to close...