5 of 12 large NPAs complete transfer of management control

Central bank mandated the companies for resolution; BPSL, Jaypee Infratech and Amtek Auto in last leg of that process

With lenders agreeing to a plan for Bhushan Power & Steel (BPSL), the spotlight is back on the first list of non-performing assets (NPAs) mandated for resolution by the Reserve Bank of India (RBI) under the Insolvency and Bankruptcy Code (IBC).

Most of the 12 large NPAs on the list were admitted by the National Company Law Tribunal (NCLT) in 2017, except Era Infra Engineering (it was admitted in 2018). Five companies have had transfer of management control since 2017: Electrosteel Steels, Bhushan Steel, Monnet Ispat & Energy, Essar Steel India and Alok Industries. Jyoti Structures is set for takeover