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NPA Resolution Process: Bankers Step Up Game as Deadline Looms
December 15, 2017
With the deadline for the insolvency resolution process almost here, which is December 13, banks have started expediting the restructuring process for 28 NPA accounts which found their place in the second list of mega loan defaulters that was released by the Reserve Bank of India.
Accounts that are not resolved by the deadline will be referred to the National Company Law Tribunal (NCLT). In addition to that, the banks will also have to cover as much as 50% of the losses of the loan values on their own.
