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Resolving DHFL: Need for a template for all stressed NBFCS

Updated : July 29, 2019 08:46 AM IST

Let us first acknowledge, the country doesn’t quite have a template to resolve stressed non-bank finance companies or NBFCs.
The Bankruptcy Code is not meant for and cannot work in the case of NBFCs.
The first big NBFC to default was IL&FS and there the government chose the National Company Law Tribunal or the NCLT route.
Resolving DHFL: Need for a template for all stressed NBFCS

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