 "insolvency")
A number of marquee global stressed asset firms are making a dash for India, but dragging their feet at the finish line.
Initially enthusiastic about India’s Rs 10-trillion stressed assets market, many of these firms have changed their strategy and are looking to put their money into assets that have not yet been declared bad loans, but are at various levels of stress nevertheless.
The reason for their enthusiasm for India was understandable. With the initiation of the Insolvency and Bankruptcy Code (IBC), creditors don’t have to wait long to recover their dues. This works in favour of these global firms, who
