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Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail’s pace in July

By Beena Parmar

  • 30 Jul 2021
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Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail’s pace in July
Credit: Thinkstock

The sluggish pace of bankruptcy resolutions seen in May and June worsened in July even as several massive haircuts came under fire from insolvency tribunals.  A meagre 15 cases were admitted into bankruptcy in July, while just five saw approval of resolutions plans. Deals that received the green signal belonged in ......

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