Insolvency law changing the way society perceives biz failures: CCI chief

On the issue of haircuts taken by creditors during the resolution process, the CCI Chairperson said it should be viewed in the light of the fact that the Code provides a market-driven mechanism to stakeholders for reorganisation, and the resolution plan is approved by the Committee of Creditors in their commercial wisdom.

Insolvency law changing the way society perceives biz failures: CCI chief
On the issue of haircuts taken by creditors during the resolution process, the CCI Chairperson said it should be viewed in the light of the fact that the Code provides a market-driven mechanism to stakeholders for reorganisation, and the resolution plan is approved by the Committee of Creditors in their commercial wisdom.