Showing posts with label Insolvency. Show all posts
Showing posts with label Insolvency. Show all posts

Friday, May 13, 2016

Bankruptcy Code – Borrowers Beware

Now becoming an NPA is a more serious problem for the borrowers. Earlier plethora of laws governing recovery was used by the borrower to their advantage to delay the process. Thanks to the new law which is coming up soon and approved by both the houses of Parliament.
The message from the bill is clear. Restructure, repay or wind up. Read more..