Asset reconstruction companies ask RBI to address regulatory gaps between IBC and Sarfaesi Act - THEMARKETTRENDZ

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Wednesday, 26 August 2020

Asset reconstruction companies ask RBI to address regulatory gaps between IBC and Sarfaesi Act

This comes after the RBI rejected UV Asset Reconstruction Company’s resolution proposal for bankrupt Aircel on the grounds that ARCs cannot infuse equity in an insolvent company at the resolution stage, people close to the central bank told ET.

from Banking/Finance-Industry-Economic Times
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