Thursday, 26 May 2016

Moody's says India's new Bankruptcy Code to boost Significantly

*India's new bankruptcy code to boost significantly bargaining power of creditors as against large debtors

*India's new bankruptcy code will significantly boost bargaining power of creditors against large debtors for resolution of distressed assets

* Current weak legal framework for asset resolution has been a key structural credit weakness for Indian banks

* Limited timeframe strengthens the banks' bargaining power over delinquent borrowers Source text for Eikon.

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