The RBI will increase the number of members in the oversight committee which presides over the restructuring proposals and also expand the scope of the committee beyond the so-called scheme for sustainable structuring of stressed assets (S4A), the central bank said in its action plan to implement the Banking Regulation (Amendment) Ordinance, 2017.
However, the central bank delayed the decision on which cases will be taken to the bankruptcy courts, instead saying that it will constitute a panel comprising mostly of its independent board members to advice in the matter.
via NPA action plan: RBI outlines action plan to implement ordinance on NPAs – The Economic Times