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 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 Guardian October 26, 2017

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