ED puts lens on IBC frauds, including excessive haircuts | India News
NEW DELHI: Enforcement Directorate will start a drive against fraud under Insolvency and Bankruptcy Code, including cases of alleged collusive resolutions involving disproportionately large haircuts which helped defaulting promoters re-acquire assets.In a direction to zonal offices during a three-day high-level meeting of the agency’s special directors in Bengaluru, ED director Rahul Navin asked them to…