Sunday, June 7, 2020

Complete IBC suspension for defaults may hurt creditors

The ordinance passed by the government on Friday said that "no application shall ever be filed" for insolvency proceedings on default on or after March 25. It also has a provision to extend the ban on filing new cases up to one year.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/complete-ibc-suspension-for-defaults-may-hurt-creditors/articleshow/76248542.cms

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