By Nilesh Chandra and Abhinav Mishra
With the volume of stressed assets in India almost doubling in last five years, Asset Reconstruction Companies (ARCs), which act as intermediaries between the borrower and the lender, have been bestowed with the imperative responsibility to clean-up stressed assets by adopting effective resolution and recovery mechanisms and relieve lenders from the mountainous burden.
Backed strongly by the RBI, ARCs are a creation of the Securitization . . .
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