Category Archives: Activities

The article advocates for the scrapping of the Insolvency and Bankruptcy Code (IBC) 2016, arguing it is flawed and detrimental to the Indian economy. Key points include:
Ineffectiveness in Recovery: The IBC has failed to effectively recover bad debts, with a low recovery rate that falls short of expectations.
Erosion of Value: The resolution process under IBC often leads to significant value erosion of the assets involved, harming creditors.
Lengthy and Costly Process: The IBC process is criticized for being time-consuming and expensive, burdening businesses and the judiciary.
Negative Impact on Credit Flow: The IBC has disrupted the credit flow to the economy, as banks become more risk-averse due to the possibility of lengthy insolvency proceedings.
Encouragement of Crony Capitalism: The code has allegedly facilitated the takeover of valuable assets by a few entities at low prices, leading to concerns about crony capitalism.
The article concludes that the IBC should be scrapped in favor of a more effective and equitable system for resolving insolvency and bankruptcy issues.
#Scrap_IBC,
#Seize_Cronies_Fairplay_for_DHFL_Victims,
#DHFL_Scam,
#Penalize_RSubramaniakumar_CharuDesai_from_DHFL_COC #Scrap_RBI_appointed_COC_for_DHFL,
#Resign_RBI_GOV_Shaktikanta,
#RBI_Appointed_CoC_for_DHFL_ReturnYourFees,
#alleged_dawood_mirchi_rkw_dhfl_bjp_collusion,
#Financial_Abuse_By_RBI_CoC_AjayPiramal,
#Flashnet_Scam,
#Down_With_Saffron_Fascism,
#art_of_resistance_against_autocracy,
#ajay_piramal_alleged_insider_trader,
#Dear_Piramal_I_Wanna_be_Defamator,
#Ajay_Piramal_The_Environment_Terrorist,
#Occupy_Internet_to_Occupy_Cronies,
#Dear_Ajay_Piramal_I_wanna_be_arrested,