Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

Buyers of insolvent firms with stressed arms may get to bid for other companies – Economic Times

ET Bureau|

Feb 01, 2018, 12.23 AM IST

Insolvency-bccl
Under Section 29A of the Insolvency and Bankruptcy Code promoters of any defaulting company are ineligible to be a resolution applicant.

NEW DELHI: The government is considering amending the Insolvency and Bankruptcy Code (IBC) to allow a person who acquires an insolvent asset that has a subsidiary with a non-performing loan to be eligible for …

Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/buyers-of-insolvent-firms-with-stressed-arms-may-get-to-bid-for-other-companies/articleshow/62731200.cms

Category: LiquidationBy Insolvency GuardianFebruary 1, 2018

Post navigation

PreviousPrevious post:Liquidation is anti-thesis of resolution, says IBBI chief – LivemintNextNext post:Fast-casual burger chain Byron could close 20 restaurants after creditors approve restructuring plan – Business Insider

Related Posts

Cube Creative Computer Company placed in judicial liquidation
September 8, 2026
Hampshire Air Festival cancelled as firm enters liquidation
September 8, 2026
Global Airlines faces fresh liquidation petition as A380 plans stall – Aerospace Global News
September 8, 2026
Hampshire Air Festival cancelled as firm enters liquidation
September 8, 2026
There’s no dough to reopen six former Coughlans bread shops
September 8, 2026
Adani Power secures LoI to acquire GVK Energy; details here
September 7, 2026
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button