ManuScript Details
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Paper Id:
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IJCIRAS1589
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Title:
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RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE
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| Published in: |
International Journal Of Creative and Innovative Research In All Studies |
| Publisher: |
IJCIRAS |
| ISSN: |
2581-5334 |
| Volume / Issue: |
Volume 2 Issue 12 |
| Pages: |
10
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| Published On: |
5/28/2020 5:05:51 AM (MM/dd/yyyy) |
| PDF Url: |
http://www.ijciras.com/PublishedPaper/IJCIRAS1589.pdf |
Main Author Details
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Name:
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DIVYA SINGH RATHOR |
| Institute: |
NATIONAL LAW UNIVERSITY ODISHA |
Co - Author Details
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Author Institute |
Abstract
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Research Area:
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Law and Legislature |
| KeyWord: |
Non- Performing Assets, Wilful, Insolvency, Bankruptcy, Default, RBI |
| Abstract: |
The Indian Banking Sector has been highly infested by Non-Performing Assets in the past few years. There are numerous reasons for an advance turning into Non-Performing Assets (hereinafter referred to as NPA/s) ranging widely from reasons attributable to the Banks & Financial institutions like erroneous credit appraisal, lack of due diligence & monitoring, etc, then reasons attributable to the borrowers like wilful default, fraud, etc. Other than these there are reasons which are beyond the control of both parties like statutory regulations, market conditions, etc.
Whatever be the reason the fact remains that the recovery has to be done as the public stake is involved and balance sheets of the Banks and Financial Institutions are severely affected. In the current legal framework, there are various means of recovery like filing of suits, initiating actions under SARFAESI Act, 2002, declaring as wilful defaulter, fugitive economic offender, publishing photographs in the newspaper, etc. The latest measure is provided by Insolvency and Bankruptcy 2016 with the latest amendment in 2019 for recovery by resolution procedure and insolvency procedure.
Though the Government is trying to find a solution for this surmounting issue of NPA on a real-time basis, with no recovery forthcoming in big Corporate cases like Vijay Mallaya Case, Nirav Modi Case it appears that NPA reduction is a tough row to hoe. The paper analysis the legal means of recovery of NPA in India and their drawbacks.
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Citations
Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.
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IEEE
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DIVYA SINGH RATHOR, "RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE", International Journal Of Creative and Innovative Research In All Studies,
vol. 2, no. 12, pp. 113-122, 2020.
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MLA
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DIVYA SINGH RATHOR "RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE." International Journal Of Creative and Innovative Research In All Studies,
vol 2, no. 12, 2020, pp. 113-122.
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APA
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DIVYA SINGH RATHOR (2020). RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE. International Journal Of Creative and Innovative Research In All Studies,
2(12), 113-122.
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RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE
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Last downloaded on 25/07/2023
