Author
The author is Director BW Businessworld Media Private Limited
The CoC in multiple cases has negotiated with the creditors for improved terms which has resulted in them receiving a better settlement amount.
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The IBC process has often been criticised as a value destroyer. So, if by following the due process as laid out in the IBC, the lenders can extract maximum value for a particular asset or company, then they should not be blamed for prolonging or delaying the process.
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