M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India.
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The Reserve Bank of India (RBI) on Tuesday listed out 12 non-performing asset (NPA) accounts, which account for nearly Rs 1.75 lakh crore of NPAs in the banking system, for insolvency procedure. M S Sahoo, chairman, Insolvency and Bankruptcy Board of India (IBBI), told The Indian Express that the next step in the procedure calls for State Bank of India (SBI) to file an application with the National Company Law Tribunal (NCLT). While this task comes as an additional responsibility for NCLT, Sahoo said t…
Read the full article at: http://indianexpress.com/article/business/banking-and-finance/nclt-might-have-more-benches-for-faster-npa-resolution-m-s-sahoo-ibbi-chairman-insolvency-4706371/
