Friday 19 April 2019
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business-standard - 4 days ago

IBC cases admitted over RBI circular to continue: Sahoo

Although the Supreme Court has quashed the RBI s February 12, 2018 order on non-performing assets (NPA), the cases admitted for resolution process based on the order would continue, as the NCLT admits cases only if it is sure of the default irrespective of any circular, said the Insolvency and Bankruptcy Board of India (IBBI) on Monday.


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