RBI will come up with new framework based on SC ruling: MCA Secy
  • WebDesk BTVI
  • Apr 05 2019

Injeti Srinivas, MCA Secretary, said that the Supreme Court ruling quashing RBI’s February 12 circular does not dilute the scope or efficacy of the IBC process. He added that the circular does not change or dilute the process as banks can choose between SARFAESI, IBC or outside resolution. Srinivas said that the RBI will come up with a new framework keeping in mind the SC directions.