IBC extension set to increase complications in the financial statements of companies » TechnoCodex

MUMBAI: Even as the government suspended the Insolvency and Bankruptcy Code (IBC) process for three more months amidst Covid pandemic, this is set to have an impact on the financial statements of the lenders and these companies.For the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have lent to. This is mainly because they will have to provide for this in the financial

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