 "gavel, IBC, Insolvency, bankruptcy, court, judgement, laws")
The sharp contraction in the core sector indicates the kind of damage Covid-19 and lockdowns are inflicting. Economic activity in the core sector declined by 6.5 per cent in March compared to a growth of 7.1 per cent in the previous month. The numbers for April will be much worse. Here is a summary of Business Standard opinion pieces for the day.
The IBC cannot be suspended for an extended period just because market conditions have become adverse. That is precisely when such a mechanism is needed to ensure that capital is not locked up but circulates and stays productive,
