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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Thursday 27 August 2020
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Asset reconstruction companies ask RBI to address regulatory gaps between IBC and Sarfaesi Act
Asset reconstruction companies ask RBI to address regulatory gaps between IBC and Sarfaesi Act
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