The Reserve Bank of India (RBI) is understood to be almost ready with a second list of companies that banks can refer to the National Company Law Tribunal (NCLT). (PTI)Now that a resolution for eight stressed companies can be attempted via the Insolvency and Bankruptcy Code, a new list of companies from whom bankers can recover their dues using the insolvency route is expected soon. The Reserve Bank of India (RBI) is understood to be almost ready with a second list of companies that banks can refer to the National Company Law Tribunal (NCLT). This is believed to be a longer one with more than two dozen loss-making, over-leveraged firms. Going by their leverage profile, the next lot of companies to be referred to the NCLT c…
Read the full article at: http://www.financialexpress.com/industry/insolvency-proceedings-rbi-readies-next-list-to-send-to-national-company-law-tribunal/790480/