We would be keen that budget addresses few of the long pending by Aswini Sahoo, Asset Reconstruction Company Ltd
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Below are Views on We would be keen that budget addresses few of the long pending by Aswini Sahoo - CIO of Arcil (Asset Reconstruction Company (India) Limited)
As an ARC, we would be keen that budget addresses few of the long pending issues which helps in the ease of doing business in stressed assets. The enforcement infrastructure like DRT, NCLT court strength need to be augmented to keep pace with pendency of cases and expected increase in load. Limitation issues as per IBC need to modified to protect lenders right vis a vis borrowers, should not be matter of interpretation. ARCs though structured as NBFCs are constrained in their borrowing capacity, they play an important role banking system, classifying them as priority sector would help in attracting domestic capital to acquire larger assets/portfolio. SME cases once becomes NPAs, find it difficult to revive, need a funding infrastructure in line with Swamih Fund, to take care of their revival.
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