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Industry committee  The question of going back is extremely difficult. How far you go back is a major problem. You may have to go back, if you really want to, all the way back to 2001-2002. One of the first few companies to go into a similar kind of liquidation was the Atlas steel company in 2001-20

November 18th, 2010Committee meeting

Prabhakar Phatak

Industry committee  The question of giving absolute priority may be difficult in the current marketplace. I thought it would be reasonable to offer status equal to that of the existing secure creditors of the company. That might work. It might eliminate the pressure on the interest rates, given the

November 18th, 2010Committee meeting

Prabhakar Phatak

Industry committee  Thank you, sir. I would like to introduce myself. I am rather old--I am approaching 84 now--and fairly literate and numerate. These days I am an observer of the pension plan business. At one time I used to be the treasurer of a company, and for seven years I was deeply involved

November 18th, 2010Committee meeting

Prabhakar Phatak