Sunday, August 20, 2017

Jaitley: New Bankruptcy Laws Should Protect Assets, Not Destroy Them

As Arun Jaitley has explained, India's new insolvency laws must protect the valuation of assets, rather than wastefully letting assets lose value:


https://www.forbes.com/sites/timworstall/2017/08/20/arun-jaitleys-right-indias-new-insolvency-laws-protect-business-assets-not-destroy-them/


How we clean up the inevitable mistakes in an economy is important and as Jaitley says, doing so before business assets devalue to nothing is the point and purpose of an insolvency and bankruptcy system--India's system is getting better by being faster.


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