Inter Creditor Agreement Flashcards
1
Q
What is it?
A
It is a plan made to address the problem of bad loans
2
Q
Which committes recommendation is it based on ?
A
Sunil Mehata committee
3
Q
What is the amount it is applicable to ?
A
50cr and above
4
Q
How does it function ?
A
More than 50 banks and financial institutions come together and resolve issues that are under consortium lending
5
Q
Which plan is it a part of ?
A
Sashakt plan
