Introduction
Introduction
India, Insolvency & Restructuring, Litigation, Khaitan & Co, Title 11 of the US Code, Bankruptcy and Insolvency Act 1985 (Canada), Arbitration and Conciliation Act 1996 (India)
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.
India, Banking, Insolvency & Restructuring, Litigation, Khaitan & Co, Reserve Bank of India, Supreme Court of India