April 18, 2021

reserve financial institution of india: SBI, asset reconstruction firms concern RBI’s stance could block many decision plans

Mumbai: Reserve Financial institution of India has requested asset reconstruction firms to submit plans of bankrupt firms the place they’re appearing as decision candidates, leaving them nervous about their position in such instances and anxious over erosion within the worth of belongings they intend to accumulate. “You’re suggested to tell us whether or not your organization is appearing as a decision applicant, or have submitted the decision plans beneath IBC to behave as a RA,” RBI’s