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BRIEF-Moody's says India's new bankruptcy code to boost significantly bargaining power of creditors as against large debtors
May 26, 2016 / 4:16 AM / 2 years ago

BRIEF-Moody's says India's new bankruptcy code to boost significantly bargaining power of creditors as against large debtors

May 26 (Reuters) - Moody’s On Indian Banks

* India’s new bankruptcy code to boost significantly bargaining power of creditors as against large debtors

* India’s new bankruptcy code will significantly boost bargaining power of creditors against large debtors for resolution of distressed assets

* Current weak legal framework for asset resolution has been a key structural credit weakness for Indian banks

* Limited timeframe strengthens the banks’ bargaining power over delinquent borrowers Source text for Eikon: )

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