“The group insolvency mechanism is expected to favor a co-ordinated process over blanket subject consolidation. This approach should help synchronize proceedings for related companies under stress, protect overall business value and prevent conflicting orders, while preserving the distinct legal identity and interests of each entity’s creditors,” explained Anoop Rawat, National Practice Head, Insolvency & Restructuring, Projects, Banking & Finance at Mangal Sharduls Law Firm Amarchand.
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