Topic: bankruptcy law

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.

JSW and Tata Steel have planned to expand their own facilities, while aiming to snap up some of the distressed assets for sale under India’s new bankruptcy laws.

The successful resolution of stressed loans, which holds nearly 90 percent of impaired assets is crucial for Modi to clean up the balance sheets...

Ten benches with a combined 26 judges and technical staff are hearing more than 2,500 insolvency cases. A streamlined bankruptcy process is crucial for Prime Minister Narendra Modi’s attempts to come to grips with a simmering banking crisis. 

Cleaning up India’s stressed loans has been a big priority of Prime Minister Narendra Modi in order to attract investments to the country. 

New bankruptcy law was initiated by the UPA. Narendra Modi has taken it to its logical conclusion. Both deserve appreciation.

The insolvency professional appointed is sometimes the company's own chartered accountant. Often, these have been complicit in the siphoning of funds.