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The FRDI Bill had the answer to solve IL&FS mess

Updated : October 30, 2018 10:20 AM IST

The FRDI bill accounted for a Resolution Corporation to deal with issues arising in financial firms.
The RC would have had a timeframe of two years to resolve crisis in a financial company.
In the absence of FRDI bill, there does not exist a regulatory framework to resolve IL&FS crisis.
The FRDI Bill had the answer to solve IL&FS mess

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