Feb 07, 2019 08:06 AM IST | Economy
Govt looking to implement pre-packaged bankruptcy plan, says report
The government is planning to implement a pre-packaged bankruptcy scheme, prevalent in the US, Business Standard reported citing sources.
The move aims to strengthen the framework of insolvency procedures and cut the cost and time of implementing the resolution plans, officials in the Ministry of Corporate Affairs told the newspaper.
Published Date: Feb 7th, 2019 08:06 AM | Updated Date: Feb 07, 2019 08:06 AM IST
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