Some promoters escape tight insolvency norms – Mumbai: Promoters of at least four small companies managed to pass their resolution plans before New Delhi tweaked the bankruptcy code, limiting the ability of erstwhile defaulting owners from buying back their assets at the conclusion of time-bound recovery proceedings.
Will Visa Power head for successful revival? – The committee of creditors will hold its first meeting in the third or fourth week of January amid concerns that the company’s incomplete thermal project would dim the revival prospects
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