What are the Asset Reconstruction Companies (ARC)? What are the challenges ARCs face under the IBC and suggest the measures to increase the role of ARCs in turning around a distressed business. 10 marks - Civilsdaily

What are the Asset Reconstruction Companies (ARC)? What are the challenges ARCs face under the IBC and suggest the measures to increase the role of ARCs in turning around a distressed business. 10 marks

Mentor’s comment- https://indianexpress.com/article/opinion/columns/insolvency-law-ibc-corporate-debt-resolution-bankruptcy-code-nirmala-sitharaman-6704399/ In the intro, briefly define the ARC. In the body mention the role played by the ARC … Continue reading What are the Asset Reconstruction Companies (ARC)? What are the challenges ARCs face under the IBC and suggest the measures to increase the role of ARCs in turning around a distressed business. 10 marks