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Change In Insolvency and Bankruptcy Landscape During Covid-19

June 26, 2020[2020] 117 taxmann.com 331 (Article)
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Insolvency and Bankruptcy Code, 2016 [“Code” for short] has been under limelight ever since its enforcement. It has changed dynamics of the industry to a great extent. According to Annual report of IBBI, total number of 741, Corporate Insolvency Resolution Process [“CIRP” for short] were admitted during 2017-2018. Out of which 43.3% of CIRP’s were triggered by Operational Creditors and 39% of CIRP’s were triggered by Financial Creditors
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