Lenders to Go On with Res­o­lu­tion Plans

The Economic Times - - Front Page -

Banks have de­cided to con­tinue with their res­o­lu­tion plans for power plants with­out seek­ing any ad­vice from the Re­serve Bank of In­dia, re­ports Sarita Singh. The de­ci­sion fol­lows a favourable le­gal ad­vice in the in­ter­pre­ta­tion of the Supreme Court’s Septem­ber 11 in­terim or­der that di­rected sta­tus quo on the mat­ter. The bank­ing reg­u­la­tor is also un­likely to come out with any clar­i­fi­ca­tion fol­low­ing the SC or­der.

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