Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...
bankruptcy proceedings
debt default
debt recovery tribunal
financial facilities
guarantors
insolvency and bankruptcy code
loan defaulters
moratorium
national company law tribunal
property auction
securitisationandreconstructionoffinancialassetsact
south mumbai
union bank of india