News & Media 2nd Nov 2023

Lenders fear taxmen will eat into recovery pie

Authors

Mukesh Chand Senior Counsel | Mumbai

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Banks are staring at a reduced scope of recovery from bankrupt and insolvent borrowers as a Supreme Court order has recognized tax departments and government agencies on par with secured creditors under the IBC.

In this context, our Senior Counsel Mukesh Chand has been quoted in an article “Lenders fear taxmen will eat into recovery pie” published by ET BFSI

Click to read the detailed article here