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India needs 5 to 6 more NCLTs', says Bahram Vakil

videos | Jul 5, 2018 11:48 PM IST

India needs 5 to 6 more NCLTs', says Bahram Vakil

Speaking at 5th SBI Banking & Economics Conclave, MS Sahoo Chairperson of IBBI, Bahram Vakil Founding Partner at AZB & Partners, Abizer Diwanji National Leader-Fin Svcs at EY India, Sumant Batra Managing Partner at Kesar Dass B & Associates, Rajnish Kumar Chairman of SBI and TN Manoharan Chairman at Canara Bank shared their experiences and the way forward for insolvency and bankruptcy resolutions.

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MS Sahoo said, "I was born into the world of insolvency only after the law was enacted in May 2016 I was one of the first men, in no way I am author of these schemes. I am in charge of implementing some of the processes. I think India didn't have the experience of incentive led, market led, proactive, time bound insolvency regime."
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