Bankruptcy board set to tackle group insolvency - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Bankruptcy board set to tackle group insolvency

Bringing entities on the basis of inter-connectedness or common assets into the group resolution framework may face challenges and lead banks to classify standard accounts as NPAs, dragging standard cases into insolvency because of non-recovery of dues after insolvency resolution.

from Stocks-Markets-Economic Times
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