Soon after the SBI put on sale its loan exposure in bankrupt Essar Steel, the government on Monday held a meeting to review the progress in the 12 biggest default cases and urged the bankers to take up issues of delay with the higher authorities.
“Bankers have been suggested to take up issues related to delay in resolution processes with the higher levels of authority including bankruptcy and judicial courts,” said a source who attended the five-hour long meeting chaired by Corporate Affairs Secretary Injeti Srinivas.
Along with Insolvency and Bankruptcy Board of India (IBBI) Chairman M.S. Sahoo, Srinivas met bankers and resolution professionals of the 12 biggest default cases, which account…
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