Covid effect: Govt may ease resolution rules for insolvent firms

Sitharaman recently said that if the disruption caused by coronavirus extends then it would suspend the use of the corporate insolvency resolution process for sometime. The finance minister had also increased the minimum amount of the default required to initiate the insolvency resolution and liquidation processes against companies from Rs 1 lakh to Rs 1 crore.

from Economy-News-Economic Times https://ift.tt/2JnMhjI