ADVERTISEMENT
IBC: Should Promoters Be Permitted To Compromise? The Regulator Wants To Know
Insolvency process: Should a backdoor entry to promoters via schemes be made legit?
07 Nov 2019, 10:45 AM IST
No stone must be left unturned in giving a financially distressed company opportunities for survival, seems to be the underlying purpose of India’s insolvency and bankruptcy law. Which is why, even in cases of severe economic erosion and a slim chance of revival, courts have allowed compromise schemes rather than permit liquidation.But now the government, regulator and courts are in a quandary.On the one hand they want to give compan...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT