India’s transparent insolvency resolution process has taken a hit: Vedanta chairman on Jaiprakash Associates

Billionaire Anil Agarwal on Friday said that Vedanta losing out on Jaiprakash Associates insolvency despite being the highest bidder has put a question mark on transparency of India’s corporate insolvency resolution process. “The IBC (Insolvency and Bankruptcy Code system declared us the highest bidder for Jaiprakash Associates. It was publicized widely that Vedanta is the…

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