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Gradation system in Debt recasts likely to be introduced soon
- March 31, 2017
- Posted by: BiconAdmin
- Categories: Asset Reconstruction, Debt Recovery, Debt restructuring
No CommentsThe government and the Reserve Bank of India (RBI) could introduce a gradation system in loan restructuring to deal with bad debts. Bank would use all existing schemes like corporate debt restructuring (CDR), strategic debt restructuring (SDR) and the scheme for sustainable structuring of stressed assets (S4A) which are introduced so far by the central
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Ambit hopes to get ARC licence soon, plans big splash
- August 5, 2016
- Posted by: BiconAdmin
- Categories: Debt Recovery, Debt restructuring, Miscellaneous
Veteran investment banker Ashok Wadhwa is known for spotting opportunities much before others. However, for his asset reconstruction (ARC) business, he waited for years before finally applying for a licence in March in association with New York-based J C Flower, each having 47.5 per cent holding in the proposed company. Former Citibank veteran Jerry Rao
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Lodha, Piramal to set up ARCs, looking to partner foreign funds
- August 4, 2016
- Posted by: BiconAdmin
- Categories: Debt Recovery, Debt restructuring, Insolvency and Bankruptcy Code 2016, Miscellaneous
In what could just be the beginning of large cash rich groups with a real estate expertise taking over stressed assets, Piramal Group and Lodha Group are looking to set up asset restructuring companies (ARCs), people close to the development said. According to the plan, both the players would invest initial money for the ARCs
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Debt Recovery to be on Fast Track
- August 2, 2016
- Posted by: BiconAdmin
- Categories: Debt Recovery, Miscellaneous
The Government has paved way, with a formal approval on a Bill that amends four different Acts, seeking to expedite disposal of debt recovery applications that can take many years under the current regime. The changes will strengthen the insolvency framework that is being implemented through the Insolvency and Bankruptcy Code passed by Parliament in
