A bank­ruptcy code was needed

Hindustan Times (Gurugram) - - Ht Think! -

Mark Tully is right in ask­ing how the holes in com­pa­nies’ bal­ance sheets did not ap­pear in their au­dits (The bank­ruptcy code can set ‘Naam­dars’ straight, Sep 9). That au­di­tors ex­am­ine only the doc­u­ments pro­vided to them speaks of the com­pa­nies’ ill in­tent. The new bank­ruptcy code will make the de­fault­ing com­pa­nies ac­count­able.


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