Research Scholar at Sri Krishnadevaraya University, India
Professor at Sri Krishnadevaraya University, India
Asset reconstruction companies (ARCs) is a type of finance company in India. They were formed as part of steps taken by the Government to clean up the balance sheets of banks and financial institutions and help revive the credit and investment cycle in India. The ARC industry was born out of the Recapitalization and Financial Services Industry Development Act 2002. The Act gave an opportunity to banks, insurance companies, and financial institutions that have been in losses for some time, or are facing temporary capital problems.
International Journal of Law Management and Humanities, Volume 5, Issue 5, Page 1294 - 1314DOI: https://doij.org/10.10000/IJLMH.113720
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