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“For instance, in some cases, while the compound of the factory and plant and equipment belongs to the company, a chunky parcel of land inside the premises belongs to the promoter or his family members and therefore cannot be attached under IBC, making the whole asset less attractive to the buyer who wants the entire premises,"
Partner – Restructuring services, Grant Thornton Advisory Private Limited
This article appeared in Live Mint on 26th December, 2018.
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