Haigreve Khaitan, senior partner at law firm Khaitan.
Mumbai: Haigreve Khaitan, senior partner at law firm Khaitan and Co., has been in the thick of action following the changed regulatory environment brought about by the Insolvency and Bankruptcy Code (IBC). He has advised some of the big companies that have gone under the hammer, such as Usha Martin Ltd (now acquired by Tata Steel Ltd); as well as others such as Vedanta Ltd, which acquired Electrosteel Steels Ltd, the first of the 12 insolvency cases referred by Reserve Bank of India (RBI).
The IBC process has changed the way India does business, Khaitan said in an interview. In the business community, you will be punished far harder and severely by the market and investors than by law. …
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