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RBI's order could spell trouble for ARC-owning PE funds, say experts

The RBI had recently rejected a resolution plan - approved by the National Company Law Tribunal in June - that proposed selling Aircel's assets to UV Asset Reconstruction Company (UVARC)

Topics
private equity funds | Private equity firms | Asset reconstruction companies ARCs

Surajeet Das Gupta  |  New Delhi 



Private equity (PE) funds owning asset reconstruction (ARCs), apart from pure-play ARCs, could land in serious trouble if the (RBI) does not reverse its decision to disallow them from being resolution applicants of a stressed asset under the (IBC).

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First Published: Thu, August 27 2020. 06:06 IST

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