Lenders to companies figuring on the Reserve Bank of India’s (RBI) second list of non-performing loans expect some leeway in terms of time to firm up resolution plans or take these units to bankruptcy court.
This could result in cases such as Jaiprakash Associates, Jayaswal Neco Industries and Videocon Industries staying out of the National Company Law Tribunal (NCLT). “The resolution for these cases is a complex task and reports from rating agencies on these cases have just started coming now. These reports will form the basis to decide between resolution or the NCLT option. ...
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