Companies on the brink of collapse tend to do certain transactions that benefit the promoters or close partners but are detrimental to the organization and its creditors. While such ‘dubious transactions’ can later be set aside during bankruptcy proceedings by tribunals, getting the money back is proving an uphill task. Our Partner (Head- Insolvency & Restructuring) Dhananjay Kumar shares his views on this in an article published by Mint. (Photo Credit: Mint)
