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KM Financial Solutions | Indian parliament bars defaulting firm owners from bidding to buy back assets
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Indian parliament bars defaulting firm owners from bidding to buy back assets

01 Jan Indian parliament bars defaulting firm owners from bidding to buy back assets

Posted at 12:28h in News by
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NEW DELHI, Jan 2 (Reuters) – India’s parliament on Tuesday
approved amendments to the Insolvency and Bankruptcy Code Bill
to bar owners of defaulting firms from bidding to buy back
assets when they are auctioned as part of bankruptcy
proceedings.

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