Report of Committee on Resolution of Stressed Assets suggests a Five-Pronged Approach for Stressed Assets Resolution by the Banking Industry https://www.taxtmi.com/news?id=20305 Five-pronged framework: SME resolution with a Robust Monitoring Process, bank-led restructuring, AMC/AIF-led resolution, insolvency resolution under the Insolvency and Bankruptcy Code using a creditor-in-saddle approach that removes management control and excludes wilful defaulters, and an asset trading platform; legislative amendments empower the central bank to direct insolvency initiation and SARFAESI amendments and tribunal expansion aim to accelerate recoveries. en-us Tue, 24 Jul 2018 18:26:50 +0530 Tue, 24 Jul 2018 18:26:50 +0530 TaxTMI RSS Generator Report of Committee on Resolution of Stressed Assets suggests a Five-Pronged Approach for Stressed Assets Resolution by the Banking Industry https://www.taxtmi.com/news?id=20305 Five-pronged framework: SME resolution with a Robust Monitoring Process, bank-led restructuring, AMC/AIF-led resolution, insolvency resolution under the Insolvency and Bankruptcy Code using a creditor-in-saddle approach that removes management control and excludes wilful defaulters, and an asset trading platform; legislative amendments empower the central bank to direct insolvency initiation and SARFAESI amendments and tribunal expansion aim to accelerate recoveries. News - Tue, 24 Jul 2018 18:26:50 +0530 https://www.taxtmi.com/news?id=20305