Ashutosh Agarwala Featured in Financial Express Discussing the court order of the RBI circular

Ashutosh Agarwala, Senior Advisor in Duff & Phelps’ Restructuring practice, was featured in The Financial Express discussing the strike down of the Reserve Bank of India’s (RBI) circular on stressed assets. The spotlight is now on the RBI to create a mechanism by which there can be an out-of-court resolution of stressed accounts. Experts believe that India’s Insolvency and Bankruptcy Code (IBC) is a powerful tool, which can introduce groundbreaking changes as long as the RBI works together with the Central Government. Prepackaged bankruptcy schemes will soon be introduced. These are expected to ensure smoother and systematic operations.

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