IBC deferral plan and absence of loan rejig put banks in a fix

Legal experts and some of the resolution professionals are learnt to have sent feelers to senior government officials that deferring the admission of cases under the Insolvency and Bankruptcy Code (IBC) would not only prevent orderly resolution in the banking system, but could also be viewed as a retrograde step, two senior bankers told ET.

from Markets-Economic Times https://ift.tt/3dgkZsI