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An Old Problem May Plague India’s New Debt Restructuring Plan
The short window for restructuring debt of Covid-hit firms may not be enough to get bankers to agree to resolution plans.
13 Aug 2020, 10:31 AM IST
A short window provided by the Reserve Bank of India to restructure debt of companies hit by the Covid-19 crisis could be plagued by a familiar problem — getting bankers together to sign-off on a common restructuring plan.The banking regulator has given lenders time till Dec. 31, 2020, to invoke a resolution plan under the scheme and asked them to implement it within 90 days. The RBI has, however, insisted that any such plan be appro...
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