No need for shareholder nod for insolvency resolution plan: Government – Economic Times
Updated: Oct 26, 2017, 10.38 AM IST The government is of the view that Insolvency and Bankruptcy Code (IBC) provides that the resolution plan will be binding on a company , its shareholders, lenders, employees, guarantors and other stakeholders if approved by NCLT. NEW DELHI: The government on Wednesday said insolvency resolution plans, such as…