Financial creditors of Jaiprakash Associates submit claims of Rs 51k cr
The financial creditors of Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process, have submitted claims worth Rs...
RBI
RBI bars Edelweiss Asset Reconstruction Company from acquiring financial assets
The Reserve Bank of India (RBI), India's central bank, has taken action against Edelweiss Asset Reconstruction Company (EARCL) and its...
RBI meets heads of ARCs amid reports of use of unfair recovery methods
The Reserve Bank of India (RBI) held a meeting with heads of Asset Reconstruction Companies (ARCs) following concerns about their...
Absence of vibrant market for stressed assets an impediment for successful resolution plan: RBI governor
The absence of a vibrant market for stressed assets in the country is one of the major impediments for implementing...
RBI governor reaffirms primacy of financial creditors over operational creditors in IBC
RBI governor Shaktikanta Das has reaffirmed the primacy of financial creditor in the Insolvency and bankruptcy process. In his keynote...
RBI issues FAQs on circular regarding settlement with wilful defaulters
After the outrage over its new circular over compromise settlement with wilful defaulters, the Reserve Bank of India (RBI) has...
Regulatory framework for compromise settlements, technical write-offs
The Reserve Bank of India (RBI) has proposed to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs...
SME delinquencies will continue to rise despite RBI’s rate pause: Moody’s
Higher interest rates in India have increased repayment amounts and limited refinancing options for SME borrowers with LAP (loans secured...
Banks should not ‘earn’ interest on penalty levied on borrowers for non-compliance: RBI
In an important change in rules governing penal charges on loan accounts, the Reserve Bank of India (RBI) has said...
Supreme Court says borrowers must be heard before declaring them fraud
The Supreme Court of India in a very important verdict has said that the principles of natural justice demand that...