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Lender banks cannot be left hanging for forever, says Supreme Court

Updated : September 19, 2018 11:38 PM IST

The bench said under the Code, a chance can be given to the bidders to revive a debt-ridden company keeping the interests of workers in mind.
The bench also made it clear that if the resolution plans fails to take off, then the NPA firm needed to be wound up to ensure that the banks get their dues.
Lender banks cannot be left hanging for forever, says Supreme Court

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