How regulators, agencies are hurting India's war on $190-billion bad loans

Here are some instances of government agencies' tussles with the process

India’s battle against the world’s worst bad-loan ratio is being stalled by some unforeseen parties: regulators and federal investigators.

A spate of legal challenges mounted by the country’s markets regulator, anti-money-laundering agency and its tax department accentuate conflicts between bankruptcy law and other regulations that pre-date them. In many cases, the court battles being fought by these agencies to hang on to powers to seize and sell assets of those violating their rules are derailing a 270-day resolution deadline set by the insolvency law.

Time-bound resolutions under bankruptcy law are the key to cleaning up $190 billion stressed loans quickly,