ED chief urges pursuit of insolvency cases with high haircuts

ED chief urges pursuit of insolvency cases with high haircuts. The Enforcement Directorate has directed its officers to prioritize insolvency proceedings where creditors face haircuts of over 50%. This move aims to improve recovery rates and strengthen enforcement actions under IBC. Focus will be on large NPAs with significant asset value erosion.

📊 STOCKS: | 🏢 SECTOR: Legal | #LOWIMPACT #Insolvency