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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.
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 sale and transfer of assets, do not requ…

Read the full article at: https://economictimes.indiatimes.com/news/economy/policy/no-need-for-shareholder-nod-for-insolvency-resolution-plan-government/articleshow/61235143.cms

Category: BankruptcyBy Insolvency GuardianOctober 26, 2017

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