RBI had told banks to either resolve 28 stressed accounts by Dec 13 or refer them to NCLT by Dec 31.
Bankers have set in motion the process of referring most of the 28 defaulters identified by the Reserve Bank of India in its second list to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code (IBC).
According to a banking source, as many as 25 companies will be referred to the NCLT. Another source said a list of only 23 companies will be forwarded now as lenders are in the process of finding a resoluti…
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