New amendments to bankruptcy code aim to boost returns on troubled assets
IBBI had sought stakeholder feedback to suggest whether parts of the stressed assets could be sold instead of the whole
IBBI | Stressed assets | bankruptcy code
Bhavini Mishra |
Last Updated Sep 19, 2022 8:10 PM IST
Insolvency resolution (RP) professionals and creditors’ committees (CoCs) may request a second-time resolution plan to sell portions of a borrower’s assets in cases where no plan is received as a whole, according to the amendments introduced last week.
TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH.
Key stories on business-standard.com are only available to premium subscribers.
Already a premium subscriber? LOGIN NOW
SUBSCRIBE TO PERSPECTIVES
What do you get on Business Standard Premium?
First published: Monday, September 19, 2022. 8:10 PM IST