ARCs seek govt help to speed up recovery
Asset reconstruction companies have called for improved government intervention to accelerate debt recovery through DRTs. They proposed changes including automatic lapse of interim stays after two months and better notification processes for creditors. Additionally, they requested timely filling of DRT vacancies and enhanced electronic services for litigation. The Sarfaesi Act has been highlighted as an essential tool for banks in asset recovery.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Comments (0)