Thanks for the fantastic article. I have a doubt around HPL example. What if HPL went bankrupt and we are already seeing more defaulters on past loans that SPV has access to. In this case, will SPV have authority to liquidate the collateral or will investors have to reach out to NCLT for the same? Thanks for your time :)

This is a great article! Will wait for the Part 2.

Part 2 sir?

when you do a ad, let users know, if this was a general article you should have spoken about competitors.