RBI issues revised prudential framework for resolution of stressed assets

The Reserve Bank of India (RBI) issued a revised prudential framework for resolution of stressed assets on 7 June 2019 (Revised Circular) in supersession of the erstwhile circular on Resolution of Stressed Assets dated 12 February 2018 (Feb 12 Circular) which was struck down by the Hon’ble Supreme Court on 2 April 2019.

Filed under:
India, Banking, Insolvency & Restructuring, Litigation, Khaitan & Co, Reserve Bank of India, Supreme Court of India
Authors:
Kumar Saurabh Singh , Kartick Maheshwari , Aditi Bagri , Hemant Kothari
Location:
India
Firm:
Khaitan & Co