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Implementing approved resolution plans amid Covid a challenge for India Inc

Experts point out the basic philosophy of the Code is to refer to the commercial wisdom of the CoC

Coronavirus | debt resolution | IBC resolution

Sudipto Dey  |  New Delhi 

debt resolution, IBC
Experts say resolution applicants generally safeguard their rights and interest in such unprecedented times | Illustration: Binay Sinha

Implementing approved resolution plans during the pandemic is turning out to be tricky for corporate India. At least half-a-dozen such plans -- approved by committees of creditors (CoCs) and the National Company Law Tribunals -- are currently under re-negotiation on the pricing front or for relaxation in performance parameters, say experts.



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First Published: Sun, June 28 2020. 19:16 IST