The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.
From the manner in which dormant sub-nationalism is coming to the surface to all that could possibly go wrong if the resolution of financial service providers happens under the IBC, here's a selection
Defaults that began in 2017 with the IL&FS Group have triggered liquidity issues across other banks and shadow lenders that now face increased regulatory scrutiny
Secured creditors' rights must not be diluted
Working with some thumb rules could prepare you for likely adverse situations