The bankruptcy law has acted as a deterrent, encouraging many firms to resolve their financial distress early in order to avoid the consequences of a resolution process, the economic survey says.

Rail Vikas Nigam Limited (RVNL), a Navratna CPSU, under the Ministry of Railways in collaboration with HFCL and Aerial Telecom Solutions Pvt. Ltd. (ATS) as part of the RVNL-HFCL-ATS Consortium, has ...