Not haircuts, near tonsures..
With the latest resolution announced on Jet airways with a payout of Rs 1200 crore over 10 odd years to square off admitted claims of Rs 16,000 crore, the IBC flies high for the successful acquirers.
These are excerpts from the feature on the recent NCLT resolution on Jet Airways by Mr V Ranganathan, a retired CA, presented in IE July 2021 issue.
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