The curious case of twin bad loan resolution

Two cases that could be resolved this week illustrate the progress of the single-window insolvency and bankruptcy resolution process

In the next 24 hours, the National Company Law Tribunal (NCLT), the arbitration authority for cases filed under India’s insolvency law, is expected to settle two cases involving Rs 6,113 crore of lenders’ money. The State Bank of India is the lead lender. Other banks that have significant exposure to these two companies include Punjab National Bank, Canara Bank and Andhra Bank. 

These two featured on the list of 28 defaulters that the Reserve Bank of India (RBI) wanted the commercial banks to take up at the NCLT by the end of December 2017, if the cases were not resolved by