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Govt looking to implement pre-packaged bankruptcy plan, says report

Updated : February 07, 2019 08:06 AM IST

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.
Govt looking to implement pre-packaged bankruptcy plan, says report

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