The story of Shivinder Singh โ from leading Ranbaxy to filing for Personal Insolvency
๐ฝ๏ธ Watch our latest video exploring the story of Shivinder Singh โ from leading Ranbaxy to filing for personal insolvency.
The story of Shivinder Singh, who once ran major companies like Ranbaxy and Fortis Healthcare. After facing legal troubles and financial setbacks, he filed for personal insolvency.
“๐๐๐ง ๐๐ข๐ฅ๐ข๐ง๐ ๐๐จ๐ซ ๐ข๐ง๐ฌ๐จ๐ฅ๐ฏ๐๐ง๐๐ฒ ๐๐ ๐ฌ๐๐๐ง ๐๐ฌ ๐ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐ฆ๐จ๐ฏ๐, ๐จ๐ซ ๐ข๐ฌ ๐ข๐ญ ๐ข๐ง๐ก๐๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ ๐๐จ๐ฐ๐ง๐๐๐ฅ๐ฅ?”
Filing for insolvency can often be viewed as a reset button โ a chance to restructure and regain control over overwhelming debts. Itโs not always a sign of failure; sometimes, itโs about finding a way out, regaining financial control, and planning for a fresh start.
In India, insolvency, like many other types of failure, is heavily stigmatized. Thereโs a deep-rooted fear of judgment from family, community, and peers. Financial struggles, or any significant setback, are often seen as personal shortcomings rather than learning opportunities.
This societal pressure can make it difficult for individuals to bounce back. On the other hand, in Western cultures, failure is normalized. It’s often viewed as an inevitable part of growth, especially for entrepreneurs, artists, and even students. People are encouraged to experiment, learn from mistakes, and embrace setbacks as a way to improve and succeed.
๐๐ฉ๐ฆ ๐ง๐ช๐ณ๐ด๐ต ๐ด๐ต๐ฆ๐ฑ๐ด ๐ต๐ฐ๐ธ๐ข๐ณ๐ฅ ๐ฐ๐ท๐ฆ๐ณ๐ค๐ฐ๐ฎ๐ช๐ฏ๐จ ๐ง๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐ด๐ต๐ณ๐ถ๐จ๐จ๐ญ๐ฆ๐ด ๐ข๐ณ๐ฆ:
โ
Acceptance
โ
Acknowledgment
โ
Commitment to revival
๐๐ง๐ฌ๐จ๐ฅ๐ฏ๐๐ง๐๐ฒ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ญ๐ก๐ ๐๐ง๐; ๐ข๐ญ ๐ฆ๐๐ซ๐ค๐ฌ ๐ญ๐ก๐ “๐๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ ๐ข๐ง๐ง๐ข๐ง๐ ”.
We should support such acts as they provide a chance to reset and recover from financial distress. However, it’s equally important to ensure any diversion of public funds is thoroughly investigated and recovered.