‘Want quick passage of bankruptcy law’ – Deccan Herald

Finance Minister Arun Jaitley on Monday urged the Opposition to help pass bankruptcy and insolvency laws in Parliament, in absence of which, the government was unable to get a firm handle on the long pending issue of non-performing assets (NPAs), and wilful defaulters.

The country needs bankruptcy and insolvency laws. That will give power to the authorities to take over management when a company is sinking, Jaitley said in his reply to the discussion on the Budget for 2016-17 in …