Stakeholders point to chinks in insolvency code
Repeated litigation, lack of judges, missing assets at plants questions over integrity of promoters are among the key bottlenecks
B Y TA N YA T HOMAS firstname.lastname@example.org
Now that two years have passed since the first major acquisitions under the Insolvency and Bankruptcy Code, several players—buyers, investment bankers and dissatisfied creditors—are slowly opening up about what they see as chinks in the law.
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