No specific plan needed for invoking Resolution Framework: RBI

"The Resolution Framework does not require any resolution plan in any form to be submitted to the lending institutions at the time of request for invocation. Rather, for invocation, the borrowers are required to merely submit a request to the lending institutions for being considered under the Resolution Framework," the RBI said.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/no-specific-plan-needed-for-invoking-resolution-framework-rbi/articleshow/79697960.cms