New insolvency law has significantly reversed defaulting debtor-creditor relationship: Jaitley

NEW DELHI: New insolvency law has significantly reversed defaulting debtor-creditor relationship said Finance Minister Arun Jaitley.

Jaitley says DRTs were not as effective as envisaged, therefore the new insolvency law.

 The ultimate objective of NPA resolution is not liquidation of businesses but to save them, says FM. (agencies)