https://www.taxtmi.com/news?id=12131 Proposals require early lender committees with timelines and regulatory incentives to implement resolution plans, independent evaluation of large restructurings to ensure viable plans and fair sharing of losses and upside between promoters and creditors, and accelerated provisioning where agreement is absent; complementary measures liberalise asset sale treatment, permit spreading disclosed sale losses, allow extended takeout/refinancing without classification as restructuring, enable leveraged buyouts by specialised buyers, and strengthen asset reconstruction companies and private sector participation to improve recovery and market functioning. en-us Tue, 17 Dec 2013 17:48:43 +0530 Tue, 17 Dec 2013 17:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12131 Proposals require early lender committees with timelines and regulatory incentives to implement resolution plans, independent evaluation of large restructurings to ensure viable plans and fair sharing of losses and upside between promoters and creditors, and accelerated provisioning where agreement is absent; complementary measures liberalise asset sale treatment, permit spreading disclosed sale losses, allow extended takeout/refinancing without classification as restructuring, enable leveraged buyouts by specialised buyers, and strengthen asset reconstruction companies and private sector participation to improve recovery and market functioning. News - Tue, 17 Dec 2013 17:48:43 +0530 https://www.taxtmi.com/news?id=12131