IBC is not a recovery mechanism, says NCLAT

The Insolvency & Bankruptcy Code (IBC) is "not a recovery mechanism", observed the National Company Law Appellate Tribunal (NCLAT), while dismissing a plea against United Telecoms filed by one of its operational creditors.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RsKO2qr