House panel calls for overhaul of IBC process for speedy results

The 29 member committee headed by former minster of state for finance Jayant Sinha, and also including former prime minister Manmohan Singh said that low recovery rates with haircuts as much as 95% and 71% of the cases pending beyond the 180 days timeframe envisaged by the law point towards a deviation from the original objective of the code.

via Economictimes

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