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Pooja Bhalla Mathur
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RBI came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified IBC.
The Insolvency and Bankruptcy Code (IBC) was approved by both houses of the Parliament of India and received presidential assent in May 2016.
We must compliment the Ministry of Finance for a speedy development and implementation of Insolvency and Bankruptcy Code (Code).
India needs fresh capacity in infrastructure to maintain its growth momentum. However, this is difficult as the sector also has a lot of stressed assets.