Kingfisher Woes Show Need for Bankruptcy Law: Corporate India - Bloo...

10/31/12

Kingfisher Woes Show Need for Bankruptcy Law: Corporate India
Bloomberg
The carrier can't emulate U.S. airlines that have gone through court-led Chapter 11 restructuring, as India doesn't have any similar procedures for service providers. Under the existing law, a government body only oversees rehabilitation of companies ...