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odds stacked Insolvency and Bankruptcy Code

Started Nov-9 by Franki 7775 (franki7775); 54 views.

Insolvency and Bankruptcy Code

The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations governing the insolvency and bankruptcy resolution process to force the bankers to back the most credible resolution plan.

The amendments mandate that the resolution applicants have to disclose their associate and subsidiary companies and also any criminal proceedings or disqualifications under the Insolvency and Bankruptcy Act.

http://www.moneycontrol.com/news/economy/insolvency-and-bankruptcy-code-are-odds-stacked-against-promoters-2434409.html

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