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Five things that make IBC suspension a bad idea

experts pandemic prevention FIVE
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insolvency and bankruptcy code (IBC) to March end from December citing the need to protect businesses from litigation amid a pandemic.

The intent of the centre is good but some outcomes could be unsavoury. Here are five of them:Delay, delayTo start with, the suspension of IBC would push resolution of bad loans even further for banks.

The first step to timely and even better resolution is admission of an insolvent borrower to the courts. That is now not possible and lenders will have to wait for the new financial year to refer troubled borrowers under the code.

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covid-19
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Strictly's Amy Dowden leaves fans in floods of tears as she issues update a year after aggressive cancer diagnosis
Child, 1, rushed to hospital after police flagged down on street
How to entertain yourself when you stuck inside due to a pandemic
About Us

Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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