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Insolvency and Bankruptcy Code review panel favours giving NCLT right to halt resolution, says report

Updated : March 21, 2018 04:52 AM IST

The Panel sources told the paper that this suggestion if made a move, should also have 90% support from lenders.
This move will help banks minimize their losses on defaulted loans.
Along with this, the Panel is also planning to recommend that homebuyers should be treated on par with unsecured creditors and lenders.
Insolvency and Bankruptcy Code review panel favours giving NCLT right to halt resolution, says report

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