TALKING HEADS

THE FIRM INTENDING TO SETTLE IS RING-FENCED BY A LARGE NUMBER OF DECLARATIONS RUNNING INTO VERY DETAILED AVERMENTS. ADDITIONALLY, IT HAS TO INDEMNIFY THE GOVERNMENT AGAINST ANY THIRD-PARTY CLAIM IF IT IS SOUGHT TO BE SO MADE”

KETAN DALAL, Founder, Katalyst Advisor

THIS NEW REQUIREMENT WILL COST MORE TIME AND EFFORT BY THE DECLARANT BEFORE FILING THE DECLARATION. IT WILL TAKE AT LEAST TWO TO THREE MONTHS BEFORE THE DECLARANT GETS A REFUND”

RAKESH NANGIA, Chairman, Nangia Andersen India