India: Essar verdict may drive more investments into distressed assets space

India: Essar verdict may drive more investments into distressed assets space

Image from Essar website

The recent verdict of the Supreme Court on Essar Steel’s insolvency resolution process, which upheld the primacy of secured creditors, will drive global investments into India’s distressed assets market as it will expedite the litigation process, said Rahul Chawla, managing director at Deutsche Bank India.

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