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IBBI releases discussion paper aimed at improving value of stressed assets

Proposals call for marketing strategy where total claims exceed Rs 100 cr; creditors can also propose steps to market stressed assets

IBBI
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The paper also talks about increasing the period for submitting the Information Memorandum as the regulator has observed that this process takes more time.

Bhavini Mishra New Delhi
The Insolvency and Bankruptcy Board of India(IBBI) has released a discussion paper that seeks to improve the value of stressed assets and reduce delays in insolvency processes.

The regulator has charted out certain activities under the insolvency process that can be done simultaneously as opposed to one after another.

The paper said that for prospective buyers of stressed assets, the information memorandum (IM) is not required to pique their interest in the assets.

IM contains specific information about insolvent firms. Preparing this document takes a lot of time, so in the initial stages, only basic information about such firms can

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First Published: Jun 27 2022 | 10:58 PM IST

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