India’s bankruptcy resolution professionals are under siege10 min read . Updated: 09 Apr 2021, 07:07 AM IST
- A rise in cases of intimidation threatens to derail the bankruptcy process in India. What can be done?
- The alleged wrongful arrest and subsequent release of a resolution professional at the intervention of the Supreme Court has heightened calls for urgent reform
MUMBAI : He was at his sister’s house in Mumbai when policemen from Uttar Pradesh came knocking last month. Anuj Jain, the man in charge of managing the bankruptcy resolution of Jaypee Infratech Ltd, was arrested over fears that he might flee the country. In reality, he was in the financial capital to attend meetings at a large state-owned bank and had stayed back for a few days.
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