Bad bank overcomes key hurdles and corporate India’s unusual interest in a govt entity

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Editor's note: This is Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Advait here. The most intriguing corporate battle of recent times seems to be playing out at Zee Entertainment. The National Company Law Tribunal (NCLT) is hearing Invesco’s petition calling for an extraordinary general meeting. Even as we keep an eye on that, there was a significant development on the bad bank proposal. Three crucial hurdles have been taken care of. Even as I dwell on them, Prince takes a look at why some of the biggest names in Indian business are interested in a little-known government agency. First the bad bank.   An important update on the bad bank A little over a month ago, I wrote about how National Asset Reconstruction Co. (NARCL) was getting off to a slow start due to regulatory and legal hurdles. Since then, a few of the obstacles have been removed and regulatory clarifications have …