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Banks are expected to benefit from bankruptcy recovery process from Essar Steel, Prayagraj Power Generation, Ruchi Soya and RattanIndia Power.
Essar verdict will rekindle hope in integrity of India’s bankruptcy process, but it will take a lot more work to allay concerns about its effectiveness.
Banks are opposed to certain terms of the Essar Steel sale, which, they say, could lead to higher lending rates, further affecting India's credit woes.
A spate of legal challenges mounted by SEBI, ED & CBDT are derailing a 270-day resolution deadline set by the insolvency law.
ThePrint traces the RCom-Ericsson saga as the case emerges as the pivot of one of the Supreme Court's biggest crises of faith.
Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for the country's business community.
Insolvency and Bankruptcy Board chief says firms facing bankruptcy have paid creditors Rs83,000 crore to avoid insolvency.
This cycle is unlikely to start reversing till the new bankruptcy law grows up a little.
The bankruptcy code has broken new ground by lifting homebuyers left without apartments by debt-stressed builders to the status of financial creditors.
Banking sector in India is coping with about $210 billion of problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.
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