Tuesday, January 21, 2020

Bankruptcy board set to tackle group insolvency

Bringing entities on the basis of inter-connectedness or common assets into the group resolution framework may face challenges and lead banks to classify standard accounts as NPAs, dragging standard cases into insolvency because of non-recovery of dues after insolvency resolution.

from Banking/Finance-Industry-Economic Times https://ift.tt/37mXziI

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