Redefining the Debtor-Creditor Relationship

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NPA Ordinance

Commentary

M K Datar

Vol. 37, Issue No. 37, 14 Sep, 2002

Redefining the Debtor-Creditor Relationship

Vol. 37, Issue No. 37, 14 Sep, 2002

Commentary

M K Datar

While the ordinance on non-performing assets of financial institutions is a landmark measure to restore the balance between lenders and borrowers and thus move towards better risk-sharing between them, the provisions of the ordinance must be seen as one of a whole gamut of means available for restructuring/settlement of the overdues of the financial system.

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