ED Puts Lens on IBC Frauds, Including Excessive Haircuts The Enforcement Directorate (ED) has intensified its scrutiny of alleged collusive resolutions under India's Insolvency and Bankruptcy Code (IBC), shedding light on a complex web of interconnected issues.
This crackdown is not only aimed at uncovering instances of outright fraud but also at re examining the interplay between India's bankruptcy law and anti money laundering regulations.
At the heart of this investigation are allegations of fraudulent re acquisition of assets through the National Company Law Tribunal (NCLT).