 "JSW chiarman Sajjan Jindal")
Continuing his war of words against promoters of highly indebted firms that have been referred to the National Company Law Tribunal (NCLT) listed companies, JSW Group Chairman Sajjan Jindal on Tuesday said a strong monitoring mechanism with "right to recompense" for lenders should be put in place for promoters, other than dubious, wilful/non-cooperative defaulters, who wish to participate in the process.
"It will be a setback to the credible IBC (Insolvency and Bankruptcy Code) process if the existing promoter re-acquires the asset with a haircut without the right to recompense banks. The government must closely monitor the proceedings of
"It will be a setback to the credible IBC (Insolvency and Bankruptcy Code) process if the existing promoter re-acquires the asset with a haircut without the right to recompense banks. The government must closely monitor the proceedings of
