This comes after the RBI rejected UV Asset Reconstruction Company’s resolution proposal for bankrupt Aircel on the grounds that ARCs cannot infuse equity in an insolvent company at the resolution stage, people close to the central bank told ET.source https://economictimes.indiatimes.com/industry/banking/finance/banking/asset-reconstruction-companies-ask-rbi-to-address-regulatory-gaps-between-ibc-and-sarfaesi-act/articleshow/77774948.cms
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