Buyers of insolvent firms with stressed arms may get to bid for other companies

ET Bureau|

Feb 01, 2018, 12.23 AM IST

Insolvency-bccl — Under Section 29A of the Insolvency and Bankruptcy Code promoters of any defaulting company are ineligible to be a resolution applicant.

NEW DELHI: The government is considering amending the Insolvency and Bankruptcy Code (IBC) to allow a person who acquires an insolvent asset that has a subsidiary with a non-performing loan to be eligible for …

Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/buyers-of-insolvent-firms-with-stressed-arms-may-get-to-bid-for-other-companies/articleshow/62731200.cms

Category: LiquidationBy Insolvency Advisory Accountants February 1, 2018

Buyers of insolvent firms with stressed arms may get to bid for other companies – Economic Times

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