The Reserve Bank of India has called for strengthening the National Company Law Tribunal(NCLT) infrastructure to ensure time bound resolution of stressed assets of the banking sector. Better resolution will also depend on the future of loan repayment culture, it said
In its ` Trends and Progress in Banking for 2017-18 released on Friday, in view of the large number of cases that may be referred to the NCLT in near future, there may be a case for strengthening the NCLT infrastructure in order to ensure that it can deliver on its promise of time-bound resolution
The Insolvency and Bankruptcy Code (IBC) has been witnessing a growing number of applications from creditors which is not only challenging the existing infrastructure of the NCLT b…
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