WATCH: India’s new dawn, thanks to bankruptcy code

One of the country’s biggest reforms of recent years has created a much better climate for distressed investors, says Nitin Jain of Edelweiss in this two-minute video.

India’s Insolvency & Bankruptcy Code has been in force for around a year and the early signs are good, says Nitin Jain, head of global wealth & asset management at Indian financial services firm Edelweiss Group. Hear how the Code has helped to boost recovery rates and produce higher-than-expected bids for distressed assets. However, it’s not all plain sailing: some resolutions under the Code are being challenged in court.