FRDI Bill: Why India’s Attempt To Bring In A Resolution Framework For Financial Firms Failed
North Block of the Central Secretariat building in New Delhi, which houses the Ministry of Finance. (Photographer: Prashanth Vishwanathan/Bloomberg)

FRDI Bill: Why India’s Attempt To Bring In A Resolution Framework For Financial Firms Failed

India’s decision to bring in an Insolvency and Bankruptcy Code for non-financial corporations has been widely appreciated. It pushed up India in the ‘Ease of Doing Business’ rankings and was cited ...
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