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Insolvency and India: has a cure finally arrived?

India’s notorious ‘promoters’ – the local name for company owners – once made little distinction between their firm’s money and their own. A new law aims to put an end to all of that, but will it work? CT investigates
Insolvency and India: has a cure finally arrived?

The Insolvency and Bankruptcy Code in India financial discipline has ushered in a new era of financial discipline among local company owners, who now face the very real possibility of losing their business in the face of irresponsible borrowing.

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