By Devidutta Tripathy
MUMBAI, June 16 (Reuters) – India’s central bank has asked lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd, Monnet Ispat and Energy Ltd, sources with direct knowledge of the matter said.
This follows a change enacted in laws last month that gives the Reserve Bank of India greater power to address the $150 billion st…
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