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Subhash Chandra: Essel Group looks to clear JC Flowers dues by June

Essel Group, led by Subhash Chandra, aims to clear ₹1,500 crore debt by June. Positive talks with JC Flowers ARC ongoing. Assets like Dish TV, Zee Learn may be released upon payment. Seeking buyers for debt settlement.

India ARC: RBI issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial assets and improving the health of the financial system. The directive outlines requirements for ARCs, including minimum net owned fund, registration, investment limitations, capital adequacy, leadership tenure, and reporting of irregularities

RBI Issues Master Direction for Asset Reconstruction Companies

RBI Issues Master Direction for Asset Reconstruction Companies
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