Rbi's Bad Loans Fight
RBI discovers more than $450 million in extra bad loans at Yes Bank
Gross non-performing assets assessed by the Reserve Bank of India were $457 million higher than Yes Bank had disclosed as of March 31
 "RBI discovers more than $450 million in extra bad loans at Yes Bank")
Resolve 55 accounts in 6 months or face IBC: RBI to banks
Earlier this month, Reserve Bank of India identified 12 accounts for insolvency proceedings
 "Resolve 55 accounts in 6 months or face IBC: RBI to banks")
'NCLT, insolvency infra won't suffice to handle RBI's move to curb NPAs'
The Reserve Bank of India's (RBI's) decision to ask banks to file for insolvency in the case of 12 major non-performing assets (NPAs) has put a question mark over the capacity of the National Company Law Tribunal (NCLT). In the entire process of insolvency, the tribunal is the key stakeholder. It decides whether a case if fit for admission under the Insolvency and Bankruptcy Code of 2016.Insolvency professionals say the infrastructure won't suffice to handle the pressure that will emerge due to RBI's move. Mamta Binani, an insolvency professional, says more benches of NCLT are required and some of the single-member ones should become double-member. There are 11 benches, inclulding those in the four largest cities. After admission, companies have 180 days for resolution, extendable to 270 days if the regulator deems fit. NCLT's orders can be appealed at the National Company Law Appellate Tribunal. Some insolvency professionals say NCLT might not be able to adhere to the time frame of .
 "'NCLT, insolvency infra won't suffice to handle RBI's move to curb NPAs'")
