Thursday, August 25, 2022

IBBI chairman nudges lenders to provide interim finance to a company facing insolvency proceedings

It is in the interest of existing lenders to provide interim finance since they would benefit in getting an improved resolution amount being high of the waterfall priority, observed Ravi Mittal, chairman of IBBI, in a quarterly update released early this week.

from Banking/Finance-Industry-Economic Times https://ift.tt/kGc4Uno

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