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{
    "id": 327098,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327098/?format=api",
    "text_counter": 836,
    "type": "other",
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    "content": "extension. The question I am asking is this: If you say that it cannot be placed under two years, what happens if its affairs have not been sorted out? There will be a lacuna there. Secondly, it states that a period under which a statutory manager can serve is two years. As of today, the manager serves for one year and if there is need for extension he goes to court which looks at the circumstances and grants the extension. There are banks that were placed under receivership and statutory management more than a decade ago. Now, what happens to those? I really do not see the--- I wish he could explain the purpose. If there is no purpose I really do not see what this one serves. We, therefore, need to oppose. The current laws are enough. What happens after, say, three years? It is not clear!"
}