Experts
praised it. Former Finance Minister Arun Jaitley gloated over its achievements.
Several entrepreneurs hailed its efforts. But when one examines the intricacies
of its decisions to resolve the recoveries of huge debts owned by India Inc to
financial, corporate, and other creditors, the National Company Law Tribunal
(NCLT) seems to have largely failed. This is especially true in the cases,
where the debt was huge, and the names involved were big, and publicly known.
The law became flawed.
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