Want to create an interactive transcript for this episode?
Podcast: Moneylife News Bites
Episode: ABG Shipyard Exposes Bankruptcy Law: Write-off Wonderland or Debt Recovery Disaster
Description: This week Sucheta Dalal talks about the bankruptcy proceedings of ABG Shipyard. Many companies are liquidated because there are no bidders and the recovery is in single digits. Large defaulters, like Anil Ambani’s Reliance Capital and the Videocon group, have received bids below the liquidation value and many defaulters have been liquidated with pathetic recovery because there were no takers under the resolution process. Listen to this week's episode as Sucheta Dalal exposes the flaws of the bankruptcy law. Hosted on Acast. See acast.com/privacy for more information.