New Delhi, 12 May: “Passage of bankruptcy bill is
a perfect example of constructive cooperation in the parliament towards
economic progress”, said Mr Harsh Neotia, President, FICCI.“Bankruptcy Act is a
much needed legislation for industry that would greatly help resolve issues
pertaining to speedy winding up of insolvent companies, lowering NPAs, and
redeployment of capital productively”, added Mr Neotia.
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