Bankruptcy Board chief asks banks to initiate proceedings soon after NPA classification
Our Partner, Aastha shares her views with Moneycontrol in an article titled, “Bankruptcy Board chief asks banks to initiate proceedings soon after NPA classification”.
The article seeks to analyse the statement made by the Insolvency and Bankruptcy Board of India (IBBI) Chairperson that banks should initiate the process of taking a defaulter to the bankruptcy court as soon as the loan account is classified as a non-performing asset (NPA).
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