Friday, 20 October, 2017
Update
   Govt hikes salary of GMC lecturers from 55k - 95k & Assistant Lecturers from 45k to 80k per month   CM Parrikar asks RTO clarification on dumping important documents on roadside, to file case for dumping garbage on highway   RTO'S MAKESHIFT OFFICE ALONG THE OLD GOA BY-PASS ROAD   Sign lease pacts with CCP at the earliest: Mayor to market tenants   ST strike: KTC suspends bus trips to Maharshtra   Goan disability activist wins national award   First pvt ferry services to begin from Nov   Late rains, chocked drains spell doom for farmers in Aldona

RBI to name 12 big defaulters

The Finance Ministry on Wednesday said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public.

Story: NEW DELH | 15th June 2017, 05:45 Hrs

The RBI yesterday said it has identified 12 large loan defaulters who account for 25 per cent of the total NPAs in the banking sector and those will be referred to respective banks for filing insolvency proceedings. These cases will be accorded priority by the National Company Law Tribunal (NCLT). The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).
“You have got 12 cases that have been identified, the names will be shortly announced, and they account for as much as 25 per cent of the bad assets,” Finance Ministry’s Principal Economic Advisor Sanjeev Sanyal said.

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