Supreme Court rejects RBI's February 12 circular on debt resolution https://ift.tt/2OFb98q - Walletnews For Me

News regarding money,markets and finance

Breaking

Home Top Ad

Post Top Ad

Responsive Ads Here

Monday, April 1, 2019

Supreme Court rejects RBI's February 12 circular on debt resolution https://ift.tt/2OFb98q

As per the RBI circular, banks had to classify a loan account as stressed if there was even a day of default and bankers have to mandatorily refer all accounts with over Rs 2,000 crore loans to the National Company Law Tribunal (NCLT) or the bankruptcy court if they failed to resolve the problem within 180 days of default.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
https://ift.tt/2Uwq5v7

No comments:

Post a Comment

Post Bottom Ad

Responsive Ads Here

Pages