Sudarshan Sen Committee

The Reserve Bank of India (RBI) constituted a committee to evaluate the role of asset reconstruction companies (ARCs) in stressed debt resolution and review their business model.

About the committee:

  • It is a six-member committee that will be headed by Sudarshan Sen, former executive director, Reserve Bank of India (RBI).

Mandate:

  • To review the existing legal and regulatory framework and recommend measures to improve the efficacy of ARCs.
  • It will also review their role in stressed asset resolution under the Insolvency and Bankruptcy Code (IBC), and suggest means to improve liquidity and trading of security receipts.
  • It has also been asked to review the business models of ARCs.
  • The committee will submit its report within three months from the date of its first meeting.
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments