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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