What Satyam, IL&FS and DHFL tell us about insolvency resolution3 min read . Updated: 30 Jun 2022, 02:40 PM IST
- In all three cases, if the resolution process was fairly successful, it was either because the government or the regulator stepped in early enough by appointing top-rung and respected professionals to oversee the process, backing them fully, and insulating them from legal challenges
In the second half of 2018, as media reports emerged of the collapse of the Mumbai-based Infrastructure Leasing and Financial Services, or IL&FS, the dominant headline of an article on the group’s fallout was “India’s Lehman moment".
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