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Govt may introduce new rescue plan for bankrupt companies, says report

Updated : November 26, 2018 09:06 AM IST

Under the “pre-packaged” bankruptcy schemes, creditors and shareholders will approach a bankruptcy court with a pre-negotiated corporate reorganization plan, the report said.
With this step,  the government aims to cut down on litigation and ensure that deadlines are met, said the report.
Govt may introduce new rescue plan for bankrupt companies, says report

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