RBI identifies 12 accounts for quick resolution timesofindia.indiatimes.com

The Reserve Bank of India has identified 12 borrowers, which account for 25% of all bank bad loans, for immediate resolution under the Insolvency and Bankruptcy Code (IBC). The RBI will now ask banks to file for insolvency proceedings under the IBC in respect to the identified accounts, which will be accorded priority by the National Company Law Tribunal (NCLT)