Banks Want Ef­fec­tive Debt Re­jig Scheme

The Economic Times - - Front Page -

Banks want a deep — and per­haps a more re­al­is­tic — loan re­jig pro­gramme that would re­tain the man­age­ment of a de­fault­ing com­pany, con­vert a sub­stan­tial part of ir­reg­u­lar debt into stocks, and min­imise pro­moter con­tri­bu­tion, re­ports

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