Bankrupt Indian Companies Are Clogging the Economy—but Now the Clock Is Ticking – WSJ

India’s new bankruptcy code sets a tight timetable for a defaulting company to deal with its debt: If it doesn’t come up with a solution in nine months, the company is liquidated.
— Read on www.wsj.com/articles/bankrupt-indian-companies-are-clogging-the-economybut-now-the-clock-is-ticking-1530450003