Promoters of some small companies 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. Read more here: Promoters of some small companies escape tight insolvency norms
Read More Here: Promoters of some small companies escape tight insolvency norms