SBI, asset reconstruction companies fear RBI’s stance may block many resolution plans

Mumbai: Reserve Bank of India has asked asset reconstruction companies to submit plans of bankrupt companies where they are acting as resolution applicants, leaving them worried about their role in such cases and concerned over erosion in the value of assets they intend to acquire. “You are advised to inform us whether your company is acting as a resolution applicant, or have submitted the resolution plans under IBC to act as a RA,” RBI’s

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