Supreme Court hands banks their most powerful weapon against promoters yet
Promoters of defaulting companies have had it easy so far, evading personal responsibility. That changes now, and should send chills down the spines of high-flying businessmen.
May 24, 2021•11 min
0
May 24, 2021•11 min
0
More in Business
Business
Can private equity build the next Max Hospital in Kerala?
Global investors are betting on Kerala’s healthcare boom. But it remains to be seen whether private capital can coexist with the state’s public ethos.
You may also like
Business
SBI Mutual Fund gains at the cost of its parent
India’s largest lender is going out of its way to grow its mutual fund business at the cost of shareholders, raising questions of corporate governance.
Business
Anil Ambani owes his gravy train ride to apathy, leniency
Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been
Business
Anil Ambani’s comeback is anything but one
The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.