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The Indian government is considering changes to the Insolvency and Bankruptcy Code (IBC) to give insurers the same status as banks in cases of default in infrastructure projects. Currently, surety bonds issued by general insurance companies do not provide the same recourse for recovery as bank guarantees. ....
There is disquiet in the Kwara State ministries of Justice and Energy over the arrest and release of the contractor of Best Energy International Services ....
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