Covid-19: MIAL headed for debt restructuring under RBI's special window

RBI has formed a panel under the chairmanship of K V Kamath to advise on debt restructuring of corporate borrowers facing stress due to the pandemic.

Lenders may take Mumbai International Airports (MIAL), a GVK-group entity, for debt  restructuring under the RBI’s special window for Covid-19 impacted sectors and companies. A senior executive, with a private bank, said because of the pandemic, MIAL needs restructuring. 

“It will have to wait for the recommendations of the Kamath panel. Then lenders will take a call on restructuring. The airport is one such business that needs restructuring,” the executive said. 

MIAL has already availed moratorium on repayments under the RBI’s regulatory measures. The RBI has formed a panel under the chairmanship of K V Kamath to advise on debt-restructuring of corporate