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Policy● Neutral for Indian equities
Need reforms for higher recoveries and speedier resolutions in IBC: IBBI Chair
The brief
- IBBI Chair Jayanti Prasad called for reforms to improve recoveries and speedier debt resolutions
- Prasad also emphasized safeguards in India’s debt resolution framework
- PC Jeweller clears dues to all 14 consortium banks and becomes debt-free
- Adani Power share price jumps after receipt of NCLT nod for merger of 10 wholly owned subsidiaries