banking service chronicle

banking service chronicle
banking service chronicle

Friday, 7 May 2021

arihant competition in focus monthly magazine

 arihant competition in focus monthly magazine

arihant competition in focus monthly magazine published this article page no 298

The significance of the bond issue can also be gauged from the Insolvency and Bankruptcy Code angle. The Code which was drafted last year is now being used for resolution of about 300 accounts. Of these 12 are the big ticket NPA accounts worth about Rs 2.25 lakh crorc which were referred by the RBI to National Company Law Tribunal (NCLT) in June 2017. With so many corporate debtors going in for resolution the possibility of explaining hair cut to be borne by the banks cannot be denied. arihant competition in focus monthly magazine

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