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ManuScript Details
Paper Id: IJCIRAS1589
Title: RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE
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
Published On: 5/28/2020 5:05:51 AM      (MM/dd/yyyy)
PDF Url: http://www.ijciras.com/PublishedPaper/IJCIRAS1589.pdf
Main Author Details
Name: DIVYA SINGH RATHOR
Institute: NATIONAL LAW UNIVERSITY ODISHA
Co - Author Details
Author Name Author Institute
Abstract
Research Area: 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.
Citations
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IEEE
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.
MLA 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.
APA 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.
RECOVERY OF NON-PERFORMING ASSETS IN INDIA- A TOUGH ROW TO HOE
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