It is this deeper fact which is the real point about Essar and the other indebted steel companies. Finally, India is getting closer to having and economically reasonable bankruptcy and insolvency system, one that actually works.
from Forbes Real Time http://www.forbes.com/sites/timworstall/2017/07/18/good-news-as-gujarat-hc-allows-essar-steel-to-be-taken-to-the-bankruptcy-woodshed/
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