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Debt recovery is off to a slow start

India's debt recovery and restructuring framework is still a work in progress, even six months after the President's assent to the Insolvency and Bankruptcy Code 2016

Sayan Ghosal  |  New Delhi 

Even after six months of the Insolvency and Bankruptcy Code 2016 receiving assent of the President, India’s debt recovery and restructuring framework is still a work in progress. Stakeholders feel that issues regarding inadequate insolvency infrastructure, small pool of domain experts, inter-creditor conflicts and lack of clarity over jurisdictional issues are proving to be the weak links when it comes to the implementation of the code. India’s problem of bad debts and their realisation through an effective insolvency framework has long been a blemish in the ease of ...

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First Published: Sun, December 11 2016. 23:33 IST