First big bankruptcy success hands Rs 35,200 crore to banks
First big bankruptcy success hands Rs 35,200 crore to banks The biggest asset sale under India’s new bankruptcy law offers a breather to the nation’s banks, a number of which posted record losses for last quarter. Tata Steel Ltd. on Friday bought insolvent Bhushan Steel Ltd. and is paying Rs 35,200 crore ($5.2 billion) to … Read more