Govt may tweak CoC rules after drawing flak over excessive haircuts2 min read . Updated: 24 Aug 2021, 05:21 AM IST
As per IBBI data, in more than 363 major NCLT resolutions since 2017, banks have taken an average haircut of 80%
The government may bring out objective and transparent guidelines for committee of creditors (CoC) to sign off on bankruptcy resolution plans, two people familiar with the matter said, after excessive haircuts approved by some CoCs faced criticism.
Select your Category