Not as simple as ABC, but miss IBC deadlines and liquidation looms

The Supreme Court’s decision in the JSW Steel-Bhushan Power & Steel case brings attention to the delayed insolvency resolutions. Experts warn many companies may face liquidation. The court reaffirmed the 330-day deadline for resolution. Data shows many cases exceed this limit. Experts suggest quicker decisions are needed. Some believe auctioning assets upfront might be more efficient than prolonged CIRP processes.

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