Why a large number of firms are collapsing in insolvency tribunals

By Beena Parmar

  • 08 Jul 2019
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Credit: 123RF.com

A little more than two months ago, a bankruptcy court ordered the liquidation of ABG Shipyard Ltd—one of India’s biggest defaulters—after the shipbuilder failed to find a buyer that could have paid off its debts and revive the company. ABG Shipyard isn’t alone. In fact, for every company that found ......

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