Friday, June 16, 2017

RBI releases stressed asset list, Essar Steel included

  Reserve Bank of India has released the first list of six stressed accounts that they must resolve via the Insolvency and Bankruptcy Code. The bankers added that the central bank had asked them to refer the cases to the National Company Law Tribunal within a fortnight. 

The companies, with a combined debt of Rs 1.6 lakh crore, include Essar Steel, Bhushan Steel, Bhushan Power & Steel, Monnet Ispat, Alok Industries and Electrosteel Steels.

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