The Government has been issuing numerous advisories, notifications and relaxations to enable companies to face the hardships caused by the spread of COVID-19 and equip them to better handle the situation. The Courts have also been very proactive in granting various reliefs. In this section, we give you ready access to some of the key Government notifications, advisories, court orders and notices released this week.
14 October 2020
RBI releases FAQs on resolution framework for Covid-19 related stress
The Reserve Bank of India has released a set of Frequently Asked Questions (FAQs) on resolution framework for COvid-19 related stress. The FAQs inter alia pertain to the reference date for the outstanding amount of debt, applicability of the resolution framework to all exposures, provisions applicable to NBFCs which are following IndAS etc.
Please click here to access the FAQs.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.