Insolvency and Bankruptcy Code was introduced with purpose to make the blocked capital in various Insolvency proceedings free. Impairment of assets of such stressed units before going into Insolvency proceedings should be taken into account as such impairment may enhance the “Haircut” of loans taken by companies under the Insolvency and Bankruptcy Code (IBC) proceedings. Recently, MS Sahoo, Chairman, IBBI shared his views on this important topic.
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