Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare

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Coronavirus has set off a flurry of renegotiations for distressed assets falling under the Insolvency and Bankruptcy Code (IBC) besides prompting investors with approved resolution plans to ask lenders more time for debt payment, industry executives told VCCircle. Within IBC, the approved resolution plans facing renegotiations or revocations include Ludhiana-based textile ......