Resolution of Stressed Assets – Revised Framework-RBI Circular-RBI/2017-18/131.DBR.No.BP.BC.101/21.04.048/2017-18 dt. February 12, 2018
Section : Banking Regulation (Amendment) Act, 2017
RBI Circular: RBI/2017-18/131.DBR.No.BP.BC.101/21.04.048/2017-18 dt. February 12, 2018
High Court verdict: Allahabad High Court in Independent Power Producers Association of India v. Union of India and Ors.
Supreme Court‘s verdict- Dharani Sugars and Chemicals Ltd. Vs. Union Of India & Ors.
The Reserve Bank of India has issued various instructions aimed at resolution of stressed assets in the economy, including introduction of certain specific schemes at different points of time. In view of the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC), it has been decided to substitute the existing guidelines with a harmonised and simplified generic framework for resolution of stressed assets. The details of the revised framework are elaborated as under:
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