 "IBC, Companies")
High debt companies, which witnessed a massive fall in their cash flows due to the coronavirus (Covid-19) pandemic, heaved a sigh of relief as the Kamath panel identified several crucial sectors for immediate relief. However, the report is seen as 'too rigid’ by CEOs due to various strict parameters prescribed by the committee to become eligible for relief.
“Some of the parameters for borrowers need to be relaxed,” said the CEO of a large NBFC.
The India Inc leaders are also keenly watching the developments in the ongoing case in the Supreme Court, which is hearing the 'interest on interest’
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