IBBI proposes financial creditor nod for big deals in distressed firms

Apr 16, 2026 - 06:15
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IBBI proposes financial creditor nod for big deals in distressed firms
The new model was introduced under the Insolvency and Bankruptcy Code (Amendment) Act of 2026 to speed up rescue of businesses by reducing litigation from promoters of the company and to give more procedural freedom in stitching together a quick turnaround plan.

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