https://www.taxtmi.com/article/detailed?id=9854 The doctrine of consolidation permits pooling assets and liabilities of economically interdependent group companies into a common CIRP when segregation would impede value maximisation. A two tier approach is applied: establish prima facie governing factors, then categorise entities according to the degree of interlinkage. Relevant factors include common control, directors, assets and liabilities, interdependence, interlacing of finance, pooling of resources, singleness of economic unit, common creditors and guarantees. Consolidation yields value and restructuring benefits but may reduce voting shares in the CoC and disadvantage operational creditors. en-us Mon, 21 Jun 2021 10:29:32 +0530 Mon, 21 Jun 2021 10:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9854 The doctrine of consolidation permits pooling assets and liabilities of economically interdependent group companies into a common CIRP when segregation would impede value maximisation. A two tier approach is applied: establish prima facie governing factors, then categorise entities according to the degree of interlinkage. Relevant factors include common control, directors, assets and liabilities, interdependence, interlacing of finance, pooling of resources, singleness of economic unit, common creditors and guarantees. Consolidation yields value and restructuring benefits but may reduce voting shares in the CoC and disadvantage operational creditors. Articles Corporate Laws / IBC / SEBI Mon, 21 Jun 2021 10:29:32 +0530 https://www.taxtmi.com/article/detailed?id=9854