 "IBC, insolvency, bankruptcy")
In an embarrassing development, a French court has frozen 20 properties belonging to the Government of India in Paris, which according to Cairn Energy is a “necessary preparatory step to taking ownership” of these properties.This long running dispute over tax arrears has come to this pass as a result of the Indian government’s arrogance and inefficiency in failing to honour international treaties and to pursue its legal options effectively, the lead edit says. Read it here
In other views:
T T Mohan Ram explains why the bankruptcy process needs a re-look, pointing out that a mechanism is needed to ensure that
