#ibc
As IBC completes 10 years , FM says it strengthened financial system
IBC needs an institutional boost
Paradigm shift. Stress resolution shifted from paternalistic rehabilitation to market-driven resolution
Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Such audits are being used more and more in insolvency and corporate fraud cases, but are not subject to any legally binding audit standards in India. Given how high the stakes are, this regulatory gap needs to be tackled right away.