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Ноябрь
2023

IBBI discussion paper: Two-part resolution plan to ensure swift takeover of a stressed firm by the winning bidder

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In a discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) has said the first part of the proposed rescue deal will enable the National Company Law Tribunal (NCLT) to approve the resolution plan giving control to the acquirer so that the sick firm can quickly resume or accelerate its operations.



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