NBFCs with Rs 500 cr assets can go for insolvency resolution

"Non-banking finance companies (which include housing finance companies) with asset size of Rs 500 crore or more, as per last audited balance sheet," can be taken up for insolvency resolution and liquidation proceedings under the Code, the ministry said in a notification.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Ky1CiN