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Sarfaesi, the original bad-loan resolution mechanism, didn’t work because of painful, lengthy processes. The new insolvency law, too, suffers from similar problems, forcing banks to settle cases outside its ambit.
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Sarfaesi, the original bad-loan resolution mechanism, didn’t work because of painful, lengthy processes. The new insolvency law, too, suffers from similar problems, forcing banks to settle cases outside its ambit.