The drama over Dewan Housing Finance Corp Ltd is another example of how company promoters put in last-minute roadblocks to delay the resolution process. Promoters, especially those accused of fund diversion and money laundering, should not be allowed to delay insolvency resolution, and the appellate tribunal has done well to approve the resolution plan submitted by the Piramal group, says the top edit. Read it here
In other views today:
Shyam Saran writes that the fluidity of the geo-political landscape – especially the prospect of an “international order with Chinese traits” -- has amplified anxieties in Asia and placed India