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FinBizness Video

IBC – The end road for defaulters

Jyoti Singh, Insolvency and Disputes Partner at Phoenix Legal, says that SICA and SARFAESI couldn’t take off due to various constraints like the pre-liberalization nature of law and courts poor performance. IBC (Insolvency and Bankruptcy Code) is a step towards cleaning up the NPA mess which has rattle Indian banks and corporate sector. Jyoti advises banks to use their rights while lending to companies or business.

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