Who heads the Sashakt Committee, that recommends RBIandrsquo;s changes in Inter-Creditor Agreement (ICA) framework ?a)Sunil Mehtab)Mrutyunjay Mahapatrac)Atul Kumar Goeld)Rajnish Kumare)None of theseCorrect answer is option 'A'. Can you explain this answer?

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Who heads the Sashakt Committee, that recommends RBI’s changes in Inter-Creditor Agreement (ICA) framework ?

a)
Sunil Mehta
b)
Mrutyunjay Mahapatra
c)
Atul Kumar Goel
d)
Rajnish Kumar
e)
None of these

Correct answer is option 'A'. Can you explain this answer?

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Test : June 2019 Weekly Current Affair - 3"

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Who heads the Sashakt Committee, that recommends RBI’s changes i...

Sashakt Committee headed by Punjab National Bank non-executive Chairman Sunil Mehta has stated that the new guidelines of RBI regarding the mandation of Inter-Creditor Agreement (ICA) framework is a right move to resolve non-performing assets (NPAs or bad loans).In the first week of June 2019, RBI has issued revised guidelines for resolution of stressed assets named “Prudential framework for resolution of stressed assets”, which has mandated the lenders to review the accounts within 30 days of default and initiate a resolution plan or Insolvency and Bankruptcy Code (IBC) process before the default, among others.The mandation of ICA enables the lenders to have a resolution framework outside of the IBC (Insolvency and Bankruptcy Code, 2016).

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Who heads the Sashakt Committee, that recommends RBI’s changes in Inter-Creditor Agreement (ICA) framework ?a)Sunil Mehtab)Mrutyunjay Mahapatrac)Atul Kumar Goeld)Rajnish Kumare)None of theseCorrect answer is option 'A'. Can you explain this answer?

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