Current Affairs for UPSC: Jagran Josh presents Daily Current Affairs Quiz for all dedicated students and readers preparing for various competitive exams. In today’s session, get briefings about the important topics given in Q&A formats such as Prithvi Vigyan Scheme etc.
According to the IBBI data, 67% of the insolvency cases where the resolution process was ongoing until September 2023 have exceeded the 270-day time frame. Resolutions in another 13% of the cases went beyond 180 days but were still under 270 days. Earlier this month, the government told banks that their top executives should monitor large-value cases of bank fraud more closely and that bona fide credit decisions should be shielded from investigations.
The NARCL has concluded the acquisition of just six companies since it started operations in January 2022 to house banking-sector advances that had gone sour. Dharani Sugars and SPML Infra and Parenteral Drugs were acquired by the bad bank in this financial year, following Jaypee Infratech, SSA International and Helios Photovoltaic that were acquired last fiscal.
RBI has been asked to respond in three weeks to a petition filed by Adisri Commercial, the former promoter of Srei Infrastructure Finance, against an earlier order issued by the tribunal.