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ED flags bankruptcy code frauds, ‘disproportionate’ haircuts as thrust areas
The Enforcement Directorate highlighted fraud risks in Insolvency and Bankruptcy Code (IBC) resolutions, focusing on large haircuts that let promoters regain assets. The warning came after the NCLT’s August 25 order allowing Subhash Chandra’s settlement was stayed, prompting a broader review of IBC abuse.
The Indian Express National
15 Sept 2026
InsolvencyCorporate FraudEnforcement Directorate