RBI to NCLAT: Banks must mark IL&FS accounts as NPAs after default

The appellate tribunal, however, said there appeared a conflict between this RBI norm and the Insolvency and Bankruptcy Code (IBC) rule that a company should continue as a going concern till a resolution of its stress is found under the Code.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XfMN8d