IBBI proposes code of conduct for transparent working of committee of creditors

The discussion paper related to CIRP, released on Friday, is focused on three issues — code of conduct for committee of creditors (CoC), restrictions on request for resolution plans and use of ‘Swiss challenge’ method, and treatment of live bank guarantees and line of credit as claims.

from Economy-News-Economic Times https://ift.tt/3t1Nl2w