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Why buyers of stressed assets must brace for a long-drawn-out process

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Why buyers of stressed assets must brace for a long-drawn-out process
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In early May, the government empowered the Reserve Bank of India to direct lenders to start bankruptcy proceedings against large loan defaulters. The central bank didn’t waste much time and last month identified 12 such defaulters, raising hopes among not just the lenders but also among potential investors looking to ......

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