NCLT allows consolidation of Lavasa Corporation’s subsidiaries for faster resolution

“Any standalone resolution does not seem to be possible and would therefore defeat the objective of the code (Insolvency and Bankruptcy Code), which is to maximise the value of the company,” NCLT division bench of Suchitra Kanuparthi and Chandra Bhan Singh said in its order issued on Wednesday.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ag1bUG