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NPA

“Rejection of Application is allowed under Insolvency and Bankruptcy Code when debtor is earning sufficient income”

June 13, 2019 by Shalu Goyal

Insolvency and Bankruptcy Code (hereinafter “IBC”) is a masterpiece and major tool against the problem of NPA. It provides the right to operational creditor, financial creditor and corporate debtor itself to take action for the viability of industrial concern and …

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Prudential Framework for Resolution of Stressed Assets: A Reformed Move to Kill NPA.

June 9, 2019 by Shalu Goyal

Introduction: The Apex bank of India issued a new circular on Non Performing Assets (hereinafter ‘NPA’) namely Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions 2019. The said circular was issued on 7th June 2019. These …

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