Indian Banking sector

/Tag: Indian Banking sector

Landmark Indian court order paves way for faster resolution of bankruptcies

2019-11-18T14:47:14+00:00November 13th, 2019|2019, North America Edition – 15 November 2019, UK Edition – 15 November 2019|

The recent Supreme Court ruling is a step in the direction of countering the massive non-performing loan problem faced by the Indian banking sector. Doing business in India just got easier. In a landmark judgment, the Indian Supreme Court has ruled that the Committee of (secured) Creditors (CoC) will have the final say of distribution of funds in all insolvency cases under the Insolvency and Bankruptcy Code (IBC), India’s new fast track corporate resolution process. The case Arcelor Mittal, the [...]