Delays beyond 270 days at NCLT cost banks Rs 4,000 cr in foregone interest: Icra - News blog

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Monday, November 12, 2018

Delays beyond 270 days at NCLT cost banks Rs 4,000 cr in foregone interest: Icra

The RBI had mandated these dozen accounts as the first ones to be resolved under the IBC. However, these cases have faced legal challenges right from the start, at every stage, resulting in delays in resolutions.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2qGFVm7
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