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Bad loans worth Rs 1 lakh crore may hit courts soon

Bad loans worth Rs 1 lakh crore may hit courts soon

Friday, January 3, 2020, 5:23 PM

Bad assets worth Rs.1L-crore may hit the insolvency courts in a month as the January 7 deadline for finding out-of-court resolutions expires. Resolutions have been stalled because some banks have not yet signed the inter-creditor agreement (ICA) and disagreements on the terms between private and public-sector banks (PSBs). "Some banks are choosing to not sign the ICA," said the source.
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