Ashvin Parekh's View On Feb-12 Circular & Stressed Power Assets | CNBC-TV18

The circular imposed a 180-day deadline on resolving these cases, failing which they were supposed to end up at the National Company Law Tribunal (NCLT).

To discuss the impact of this on debt resolution push, CNBC-TV18 spoke with Ashvin Parekh, managing partner, Ashvin Parekh Advisory Services and HP Ranina, corporate lawyer.

On six-month deadline set by RBI to finalise resolution plans, Parekh said apex court may come across a different approach altogether.

According to Parekh, the decision by the SC today does give a bit of a jolt to banking system and the regulator.

If one aspect is challenged, then each and every promoter and case will have enough grounds, which can be taken to court, Parekh said.

Talking on cases initiated at NCLT, Parekh said people may get an opportunity to get the case reopened or reexamined and that will delay the judgement.


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