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BANKRUPCY ACT
Arun Jaitley urges PEs, ARCs to hasten resolution of insolvency casesIndian banks are saddled with over Rs 10 lakh crore worth of dud loans which are eating into their earnings and limiting their ability to l...- RBI has set a road map for recovery, Arundhati Bhattacharya, SBILenders expect chaotic situation to prevail in the next year or so as the company law tribunal that administers the bankruptcy code comes t...
- Innoventive case hearing leaves lenders confusedNCALT rejects borrower's plea to be heard, but advises court to be cautious.
- Fortune Financial, 2 others get RBI nod for ARC business“Encore has received an approval from the RBI for setting up an ARC," said Encore official in an email reply to ET. Fortune Financial did n...
- RBI gives nod for three asset reconstruction companiesSpeaking at an event in Bengaluru, RBI governor Raghuram Rajan had said, “We will shortly license a number of new ARCs to provide a deeper ...
- With Bankruptcy Act, demand for asset reconstruction company licence risesWe are also working on a framework to enhance efficiency and transparency of price discovery in sale of stressed assets by banks to ARCs,” ...
- Bankers’ panel to draft law on borrowers’ rightsTo pacify corporate India, which has dubbed the NPA Ordinance as financial Pota, the Finance Ministry has appointed a five-member committee...
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