Letter to BS: Top level vacancies in PSUs should be filled quickly

The present government needs to work out a consensus among major political parties not to make election promises that will adversely affect national interests

This refers to your editorial  “Strengthening the IBC” (August 13). That the Supreme Court is, of late, exposing the game played by the rich and the powerful to circumvent regulatory oversight, using legal loopholes and mustering the support of celebrity lawyers to delay legal processes, is a silver lining in the gloomy situation of the country’s financial sector.

The government has acted quickly in passing necessary legislation for handling the non-performing asset mess of Indian banks. The Insolvency and Bankruptcy Code and the supporting architecture including the National Company Law Tribunal after facing initial criticism, are stabilising. Having said that, in