Reserve Bank of India issues revised prudential framework for resolution of stressed assets
July 15, 2019 INSOL India Editorial Team
RBI by its circular on a Revised Framework for Resolution of Stressed Assets dated February 12, 2018 (“February 12 Circular”) had established a more stringent regime for debt resolution in a timebound manner. The lenders were required to restructure the..
Read More
The liquidator is only an additional person and not an exclusive person to file a scheme of arrangement under section 230 of the Companies Act, 2013
May 13, 2019 INSOL India Editorial Team
In an effort to explore the possibility of revival of debt ridden companies and address the interests of various stakeholders, instead of directing such companies under liquidation on failure of the corporate insolvency resolution process, the National Company Law Tribunal..