Why RBI nixing UV ARC’s plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the central bank rejecting UV Asset Reconstruction Company Ltd’s bid to acquire Aircel Ltd’s assets. The RBI nixed the Delhi-based ARC’s resolution plan earlier this month on the grounds that the SARFAESI ......