NEW DELHI: Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving.
The chartered accountant says he stood outside the firms midtown office that day, by a bustling main street. Suddenly a group of investors walked up, demanding to know when theyd recover their money. Then a car whizzed by; he was bundled in and driven to a remote bungalow. It took nearly 24 hours and a lucky phone call for the police to track him down. He now keeps an armed bodyguard with him at all times.
Jain belongs to a new breed of bankruptcy experts who are becoming Indias footsoldiers as Asias third-largest economy attempts to clean up the $210 billion of st…
Read the full article at: https://timesofindia.indiatimes.com/business/india-business/kidnappers-angry-workers-plague-a-210-billion-debt-cleanup/articleshow/65160201.cms