It's worth pointing out that nowhere has a bankruptcy system which is perfect but we must also note that the one in India is getting much better. Insolvencies are now going to be resolved rather than just festering on for decades.
from Forbes Real Time http://www.forbes.com/sites/timworstall/2017/08/10/nclt-allows-lanco-insolvency-case-indias-new-bankruptcy-process-is-getting-there/
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