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Why do creditors misuse the Insolvency Code?
Finshots Daily
Misuse of the Insolvency Code and Slow Debt Resolution
3min Snip
00:00
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The hosts discuss two cases highlighting the misuse of the Insolvency Code by creditors, including the Mobilox versus Kirusa case and the Rastana case. They explain that despite the purpose of the IBC to expedite debt resolutions, many cases still exceed the deadline and end in liquidation.
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highlights
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