Religare Finvest lenders to move RBI for insolvency

Under the Insolvency and Bankruptcy Code (IBC) framework, only the RBI can refer a finance company for insolvency proceedings. Lenders are of the view that a resolution under IBC will be a transparent process thus generate interest among prospective buyers, the people said.

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