DSIJ Mindshare

New Year brings hope to companies facing insolvency proceedings

Gayathri Udyawar 0 4934 Article rating: 4.0

With the government taking a considerate stance while amending the IBC law, there seems to be enough leeway for prudent promoters to be able to bid for their company's assets. The amends allow a defaulter or existing promoter to become eligible for the resolution plan by making their bad loans operational. 

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