NCLTs lash out at insolvency resolution professionals over steep haircuts

By Beena Parmar

  • 22 Jul 2021
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Credit: 123RF.com

“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...”  These are some of the latest pronouncements heard at various courtrooms of the National Company Law Tribunals (NCLTs) at several insolvency case hearings over the past 3-4 weeks, according to at least five people including lawyers and insolvency resolution ......

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