Men at work sign. (Photographer: Krisztian Bocsi/Bloomberg)
The government is planning a revamp of the insolvency process to make the mechanism simpler and attractive for buyers of stressed assets, according to a senior official.It’s considering tax concessions for such buyers, the official said on the condition of anonymity as details aren’t public yet. Some of the concessions being considered are waiver of stamp duty, registration fees, past customs dues and GST imposed on sale of some asse...