IBC: Govt. working with RBI on CoC’s conduct
The Hindu
Official’s remark spotlights haircut row
The corporate affairs ministry is working with the finance ministry, RBI and the Indian Banks’ Association on the conduct of the committee of creditors (CoC) under the insolvency resolution process, a senior official said on Friday. “We are working with IBA, RBI and Department of Financial Services on the very important issue of the conduct of CoC,” Corporate Affairs Secretary Rajesh Verma said. The CoC is crucial in deciding a resolution plan under the Insolvency and Bankruptcy Code (IBC).
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