The insolvency and the bankruptcy process is a very positive process and a reform was long needed. The good thing about this process is that it is a well defined timeframe of 270 days within which we will get a clear resolution or else liquidation. There is enough incentive and pressure both on the borrower and the bankers as well to find a sustainable solution within this period for resolution. This kind of healthy tension of time versus a need to resolve versus liquidate will work favourably.

Do you expect a lot of mergers and acquisitions in the next few months because many potential acquirers, including some stressed funds might look at these NCLT cases as potential value buys?

It is going to be an interesting aspect with bidders coming and making a bid for assets on the basis of true enterprise value and that will help in cleansing the process and this to me is one more aspect of what I call as a Swachh Bharat in the making.

The growth trajectory, how do you look at the economy right now? Do you see green shoots back in the economy, do you see demand back on the ground what is the feedback that you get from some of your clients?

A lot of the reforms will over time produce significant transformative results. But in the short run, we run some of the challenges which are frictional whether it is out of the GST, IBC and RERA. So once the frictional aspects of transition settle down, I am looking to a transformative phase of the Indian economy.

How do you look at a particular situation wherein perhaps there might be cases of NCLT wherein the promoters may be a little resistant to the entire process because they feel that they have not been given enough time by the bankers, do you expect these practical difficulties on the ground?

As I understand promoters can be one of the bidders. We have to see how that process goes and how their bids are taken by the NCLT process.