Lenders will soon move to work on a resolution plan for several stressed projects with the Indian Banks’ Association (IBA) preparing a draft inter-creditor agreement (ICA) based on Sashakt — an initiative by former finance minister Piyush Goyal to resolve stressed loans, particularly those in the power sector.
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IBA draft plan aims to help revive stalled projects
IBA draft plan aims to help revive stalled projects
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