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Wednesday, May 9, 2018

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


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