Nirmal Gangwal

5 Years of IBC: Acquirers laugh their way to banks, haircuts bleed lenders

by Nirmal Gangwal |Jul 28, 2021

In 11 insolvency cases that were resolved in the recent past, banks took a massive haircut of more than 90 per cent. The new acquirers held the trump cards, nonchalantly playing on the value destructi...