NPA fix: Only 2 from RBI’s ‘Dirty Dozen’ resolved under IBC; what about others? Is the delay hurting?

On April 17, when the National Company Law Tribunal gave its nod for Vedanta’s takeover of the bankrupt Electrosteel Steels, it was a moment in the history as it was the fastest resolution of an NPA account -- thanks to newly-adopted Insolvency and Bankruptcy Code.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2rtN3Cv