Partial sale of companies won't be default under Insolvency and Bankruptcy Code

The Indian government may permit the partial sale of a stressed company only if it fails to attract a buyer for the entire entity under the Insolvency and Bankruptcy Code (IBC), in an effort to reduce delay in resolution and prevent the decay of stressed asset value. The ministry of corporate affairs suggested changes to the IBC that would provide a provision to allow multiple resolution plans for various parts of an insolvent firm to maximise value realisation.

from Economy-News-Economic Times https://ift.tt/WNiyeDZ
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