Addressing Default: Lessons from an opaque experience*
Jul 11th 2023, C.P. Chandrasekhar
and Jayati Ghosh
The
decision to allow banks to settle with willful defaulters
and fraudsters reveals the actual stance of the government
on 'rescuing' corporate debtors. The hype around the
IBC conceals that.
* This article was originally published in the Business
Line on July 10, 2023.
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