Insolvency and bankruptcy reforms reshape creditor lender relations, limiting promoters' bids and urging faster resolution processes.
Insolvency and bankruptcy reforms are central to restoring credit discipline and redefining the creditor lender relationship, with emphasis on expediting resolution processes and preventing defaulting promoters from reacquiring assets. Clarifications in anti corruption law are said to empower bankers to make bona fide decisions without fear of penal consequences.