https://www.taxtmi.com/news?id=26845 The draft Master Direction broadens which Regulated Entities can classify wilful defaulters, expands the definition of wilful default, requires review and finalisation of wilful default determinations within six months of NPA classification, and specifies treatment of wilful default loans sold to Asset Reconstruction Companies and their status under the Insolvency and Bankruptcy Code. en-us Thu, 21 Sep 2023 18:35:36 +0530 Thu, 21 Sep 2023 18:35:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26845 The draft Master Direction broadens which Regulated Entities can classify wilful defaulters, expands the definition of wilful default, requires review and finalisation of wilful default determinations within six months of NPA classification, and specifies treatment of wilful default loans sold to Asset Reconstruction Companies and their status under the Insolvency and Bankruptcy Code. News - Thu, 21 Sep 2023 18:35:36 +0530 https://www.taxtmi.com/news?id=26845