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Daily Archives: June 13, 2017

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Proceedings against large Corporates under IBC

Law related to collateral-securities, Legal and Regulatory aspects of banking, Loans and advancesBy Surendra NaikJune 13, 2017

Following the ordinance empowering RBI to lay down the process of initiating steps under the Insolvency and Bankruptcy Code (IBC), an Internal Advisory Committee (IAC) is set up by RBI to oversee the specific steps that are initiated by bankers for resolution of a bad debt. In its first meeting on June 12, 2017, the…

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