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In an embarrassing development, a French court has frozen 20 properties belonging to the Government of India in Paris, which according to Cairn Energy is a “necessary preparatory step to taking ownership” of these properties. This long running dispute over tax arrears has come to this pass as a result of the Indian government’s arrogance and inefficiency in failing to honour international treaties and to pursue its legal options effectively, the In other views: T T Mohan Ram explains why the bankruptcy process needs a re-look, pointing out that a mechanism is needed to ensure that bank-led resolution and not the National Companies Law Tribunalis the first resort for lenders. Read it here ....
Read more about Best of BS Opinion: Threat of third Covid wave, another Cong crisis & more on Business Standard. Here are the best of Business Standard s opinion pieces for Friday ....
In the long-drawn boardroom battle between the Tatas and Cyrus Mistry, the Supreme Court appears to have vindicated the Tatas. But, as T T Mohan Ram points out, what is legally sound may not conform to the best standards of corporate governance.Read his argument here. Other views today examine the climate change agenda, post-Covid-19 economic policy and the spat with Saudi Arabia Putting India back on the growth track demands a robust analytical framework to address the structural downturn in the economy caused by Covid-19. But inappropriate legacy analytics is hobbling an effective response to the situation. Rathin Roy explains the lacunae here and discusses how it can be changed ....