ABG Shipyard Exposes Bankruptcy Law: Write-off Wonderland or Debt Recovery Disaster

This week Sucheta Dalal talks about the bankruptcy proceedings of ABG Shipyard. Many companies are liquidated because there are no bidders and the recovery is in single digits. Large defaulters, like Anil Ambani’s Reliance Capital and the Videocon group, have received bids below the liquidation value and many defaulters have been liquidated with pathetic recovery because there were no takers under the resolution process. Watch the video as Sucheta Dalal exposes the flaws of the bankruptcy law.

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