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India undeniably requires a robust secondary market for distressed debt. Both ARCs and regulatory bodies share the responsibility to boost this market's efficiency.
Under the IBC, in addition to operational and financial creditors, distressed companies can also initiate debt resolution action.
Recommends financial institutions be encouraged to fund stalled projects via subsidised interest rates.
The order of July 5 said that the NCLT does not have the power of judicial review over administrative action
Some reports reflect the cancellation of Go First flights, has affected airfares, especially on routes where the airline was active