ED widens scrutiny of possible irregularities in IBC proceedings | Explained
The Enforcement Directorate has expanded its examination of alleged irregularities in cases under the Insolvency and Bankruptcy Code (IBC). The agency is probing whether companies and professionals have breached the code’s provisions, including manipulation of assets or fraudulent transactions, as the IBC, introduced in 2016, aims to resolve insolvency quickly and preserve value of distressed firms.