{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6374bb5cfa2a6f0011243f0e/6a3e29c70ad3211686d86b81?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Will the Supreme Court Finally Rein in Rogue ARC Practices?","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/6374bb5cfa2a6f0011243f0e/1782458803597-e4e4ee0c-8f5c-45d4-91e4-5a703129932e.jpeg?height=200","description":"<p>Can Asset Reconstruction Companies (ARCs) help clean up India's banking system—or have some become part of the problem?</p><p><br></p><p>In this audio, veteran financial journalist Sucheta Dalal examines the Supreme Court's sharp observations in a PIL alleging that a ₹1,537 crore bank debt was settled for just ₹73.5 crore through ARC transactions.</p><p><br></p><p>The Court has questioned whether there is a deeper nexus involving borrowers, banks and ARCs, while issuing notices to the RBI, SBI, other public sector banks, SEBI, SFIO, Ernst &amp; Young and others.</p><p><br></p><p>The discussion also explores:</p><p>- How ARCs are meant to function</p><p>- RBI's concerns about evergreening and opaque transactions</p><p>- Why small borrowers often face tougher treatment than large corporate defaulters</p><p>- The JKM Infra case and the alleged diversion of funds</p><p>- RBI's 2025 ARC Directions and whether they go far enough</p><p><br></p><p>Could this Supreme Court case finally bring greater transparency and accountability to India's stressed asset resolution process?</p><p><br></p><p>Watch the full analysis by Sucheta Dalal.</p><p><br></p><p>Read the full article: https://moneylife.in/article/will-the-supreme-court-finally-rein-in-rogue-arc-practices/80867.html</p>","author_name":"Debashis Basu & Sucheta Dalal"}