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Business Standard

MCA is working to issue code of conduct for creditors under IBC: Verma

This comes a month after a Parliamentary panel flagged the "disproportionately large and unsustainable 'haircuts' taken by the financial creditors over the years"

Topics
Ministry of Corporate Affairs | IBC | Insolvency and Bankruptcy Code

Ruchika Chitravanshi & Shrimi Choudhary  |  New Delhi 

ibc
More than 17,800 cases involving an amount of Rs 5 trillion were disposed of even before admission under the IBC, according to MCA data.

The Ministry of Corporate Affairs (MCA) is working to issue a code of conduct for creditors under the Insolvency and Bankruptcy Code (IBC), said MCA Secretary Rajesh Verma on Friday.

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First Published: Sat, August 28 2021. 00:17 IST

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