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Why RBI Is Playing Gatekeeper On Resolution Plans From ARCs
The Reserve Bank of India remains unconvinced that asset reconstruction companies can act as resolution applicants
28 Sep 2020, 01:23 PM IST
The Reserve Bank of India remains unconvinced that asset reconstruction companies can act as resolution applicants as part of insolvency proceedings. The regulator, according to a person familiar with the matter, believes that several enabling conditions would need to be put in place before allowing ARCs to act as resolution applicants.The view comes after several rounds of discussions between the regulator, ARCs and other stakeholde...
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