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New amendments to bankruptcy code look to boost returns of stressed assets

IBBI had invited comments from the stakeholders to suggest if parts of stressed assets could be sold off instead of as a whole

Topics
IBBI | Stressed assets | Bankruptcy Code

Bhavini Mishra  |  New Delhi 



insolvency
The amendments also relaxed the timeline for the preparation of the information memorandum, keeping in mind the practical problems faced by the resolution professionals in information collation

Insolvency resolution professionals (RP) and committees of creditors (CoC) may request a resolution plan for the second time to sell parts of a borrower’s in cases where no plan is received as a whole, according to amendments introduced last week.

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First Published: Mon, September 19 2022. 20:10 IST

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