Expecting 60-70% success rate from ICA process: VG Kannan, IBA
  • WebDesk BTVI
  • Jul 09 2019

As lenders sign ICA for debt resolution, IBA CEO VG Kannan talks about ICA being essential before any resolution plan calling it a facilitator for people to come together and work. He also added that debt worth Rs 4.5 lakh crore may be resolved by ICA but also maintained that it may not work if existing promoters don't cooperate.