Last fortnight, the Delhi high court said that the Singh brothers would have to pay up after all. These are big numbers, and it was galling for most—especially those thinking of investing in India— to see that the Singh brothers had emerged from the fiasco unscathed. After all, India is notoriously sniffy about arbitration outside its own overburdened judicial system, and the Singh brothers seemed more than capable of persuading the Indian courts to ignore the Singapore judgment. But I also try to argue that, given time, the Indian system can and does work, like it seems to be doing with the Singhs. As long as India has these, investors will keep on coming—regardless of the tales their predecessors have to tell.

Source: Mint February 12, 2018 05:26 UTC