Doing away with mandatory disclosure of liquidation value will help fetch better price for assets

Banks staring at steep haircuts on resolution of accounts under Insolvency and Bankruptcy Code (IBC), have been handed some respite. In an amendment to the IBC, it is now no longer necessary to disclose ‘liquidation value’ in the information memorandum by the resolution professional. The absence of an implicit benchmark — a piecemeal value of the assets of the company — can help open up room for c...