IBC extension set to increase complications in the financial statements of companies

Synopsis
For the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have lent to. This is mainly because they will have to provide for this in the financial statements.

MUMBAI: Even as the government suspended the Insolvency and Bankruptcy Code (IBC) process for three more months amidst Covid pandemic, this is set to have an impact on the financial statements of the lenders and these companies.For the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have lent to. This is mainly because they will have to provide for this in the financial

Sachin Dave

ET Bureau

4 mins read

Dec 23, 2020, 06:54 PM IST

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IBC extension set to increase complications in the financial statements of companies

Synopsis
For the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have lent to. This is mainly because they will have to provide for this in the financial statements.

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IBC extension set to increase complications in the financial statements of companies

SynopsisFor the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have lent to. This is mainly because they will have to provide for this in the financial statements.

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Synopsis
For the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have lent to. This is mainly because they will have to provide for this in the financial statements.