Lenders will work out procedures to follow timelines and coordination in cases taken for resolution at the National Company Law Tribunal (NCLT).
Senior public sector bank executives called Monday’s meeting a routine exercise where top bankers reviewed the progress made in work (for cases filed at NCLT). Banks will put in place necessary mechanism to ensure that the lenders do a good job.
“It was a stock-taking exercise. We want to smoothen the coordination among all the stakeholders,” said a banker.
It was the first such review exercise in seven weeks after the Reserve Bank of India
Senior public sector bank executives called Monday’s meeting a routine exercise where top bankers reviewed the progress made in work (for cases filed at NCLT). Banks will put in place necessary mechanism to ensure that the lenders do a good job.
“It was a stock-taking exercise. We want to smoothen the coordination among all the stakeholders,” said a banker.
It was the first such review exercise in seven weeks after the Reserve Bank of India