In a chat with ET Now, Kiran Mazumdar Shaw, CMD, Biocon, says the devil is in details of implementation and it is not an easy thing to implement the law. Edited excerpts
ET Now: The Bankruptcy Code is a game changing move, no doubt. How important do you think it is in terms of a lot more than what it just does for banks?
Kiran Mazumdar Shaw: It is a great move, it is a welcome move, it is a long overdue bill that has been passed and nobody can disagree with what the government has done and I congratulate this government for bringing in this long awaited and long overdue bill. But I think we do not have all the mechanisms and knowledge base in place to really take full advantage of such a bill. For instance, the bankruptcy bill and bankru…
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