June 23, 2021
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56:55Now PlayingOn The Urban Debate, with Tanvi Shukla, we discuss about how a bad loan can be written off by the banks. As the recent controversary has stirred in the Bankruptcy and Insolvency proceedings. Earlier, In India, a few years back, Lok Sabha in December 2015 introduced Insolvency & Bankruptcy Code which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. In this regard, top industrialist Harsh Goenka raised an alarm on Twitter , saying that "YOUR HARD-EARNED MONEY" is being STOLEN and he tagged Prime Minister's Office as he talks about the " new trend" in the market which is creditors taking huge haircuts from the bankers on their dues.
Watch to know more about this new trend!
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