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IBC set to resume; relief for key worst-affected sectors on the cards

It may also consider giving relief to some of the worst-affected sectors. Fresh proceedings under the IBC are suspended till March 24. “We are exploring two options — one, removing the suspension and allowing the resolution process in view of the rise in the number of fresh cases of default this fiscal year; second, bringing in some provisions to the IBC to exclusively deal with distressed sectors,” said a senior …

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