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

Government-backed energy firm enters administration
November 11, 2026
Bombay HC Clarifies Contract Termination During CIRP
November 11, 2026
Message Heard goes into voluntary liquidation
November 11, 2026
Beloved Aussie seltzer brand collapses – News.com.au
November 11, 2026
Beloved Aussie seltzer brand collapses – The Australian
November 11, 2026
REVEALED: Liquidator appointments for businesses in the Canterbury-Bankstown council area for November 10 – The Daily Telegraph
November 11, 2026
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button