A sincere implementation of laws including those dealing with insolvency and bankruptcy will ensure that there is no repetition of 2G and Satyam like scams in India, NCLT President Justice M M Kumar has said.
There will be no repetition of Satyam or 2G… those types of things. Those things are unlikely to happen if the laws are sincerely implemented, he said here at an event organized by FICCI on Insolvency and Bankruptcy Code 2016
He further said that bankruptcy laws are very strict in the US and Mallya type of instances cannot take place there.
If the law is implemented sincerely, it is not going to happen here also, Kumar said, adding implementation of law is serious challenge.
National Company Law Tribunal (NCLT), which was constitu…
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