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Aparna Ravi: Implementing the new insolvency law

A little more thinking on the institutional provisions in the new bankruptcy law is essential

Aparna Ravi 

Aparna Ravi With wilful defaulters and the enormous stockpile of non-performing assets on the books of public sector banks making headlines every day, several commentators have made hopeful references to the impending new insolvency legislation. The finance minister recently stated that the Insolvency and Bankruptcy Bill is likely to be passed in the second half of the Budget session and attributed many of the debt recovery challenges faced by public sector banks to the lack of a sound insolvency law framework. But how far is the new legislation likely to go in addressing these challenges? The Bill ...

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First Published: Sat, March 26 2016. 21:50 IST
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