PSUs with high liabilities may face IBC-based closure
- shahpurturkcsc
- Dec 15, 2021
- 1 min read
The government has unveiled a new public sector companies’ policy for nonstrategic sectors so that the department of public enterprises (DPE) can drive the privatisation or closure of state-run firms. In cases where the liabilities are “exorbitantly high”, the government has indicated its willingness to go for the Insolvency & Bankruptcy Code (IBC) route as well.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3s5wBsV via IFTTT
from Blogger https://ift.tt/3dR5TMa via IFTTT
Comments