The insolvency ordinance is now one step away from becoming a law— the government has tabled the bill in the Lok Sabha with some minor changes. CNBC-TV18’s Latha Venkatesh spoke to the head of SBI Rajnish Kumar, the MD of JSW Steel Seshagiri Rao and Rashesh Shah of Edelweiss to find out how they read the bill and the changes proposed by the government.
Below is the transcript of the discussion.
Q: Did you see the new Bankruptcy Amendment Bill as against the ordinance, are there any material differences?
Rao: I have glanced through just one page which has come by WhatsApp. I have not gone through it carefully but whatever I read, I am finding more of a clarificatory nature than changing the spirit of the amendment which has been …
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