Sashakt takes a much-needed stab at creating a structure outside the bank to systematically park distressed asset for resolution. The proposal of inter-creditor agreement to enable the lead bank work on the resolution plan may be considered quickly. Its aspirations were in the correct direction when it wanted to focus on price discovery of distressed assets. Arguably, some more deliberation may be required on sizing the resources required to solve the issue as well as the structure to garner those resources.
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First Published: Mon, July 16 2018. 05:55 IST
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