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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.
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.