If you are a member of the American Bankruptcy Institute you can go here to read my latest short article "Good News for Secureds in India." In fewer than 2000 words you can learn how India's Parliament and Supreme Court have restored the place of secured creditors at the head of the line in a resolution (reorganization) proceeding. But there's more about the power of secured creditors to choose a resolution plan, and even more about payment of secured claims (and not merely the value of collateral). Secured creditors in the U.S.will wish they had it so good.
03 March 2020
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