Are all the owners and managers of these companies, and their bank managers corrupt, as the government would have us believe? The idea is absurd.
Indian industry is in meltdown. Seventy-eight of the largest companies in India are facing dissolution under the Bankruptcy Code. Twenty have been declared insolvent and sent to the National Company Law Tribunal for dissolution. Thirty more, all in the power sector, will also be sent to the guillotine because the Allahabad High Court has denied them more time to sort out th…
Read the full article at: https://indianexpress.com/article/opinion/columns/indian-economy-bankruptcy-code-national-company-law-tribunal-rbi-narendra-modi-5351321/
