Distressed assets need a market, not just a disposal process.
RBI's 11 Sept clarification letting smaller ARCs join IBC resolutions for SARFAESI-covered assets is a step, but Dr. M.S. Sahoo & Sanjeev Pandey argue in Business Standard that much more is needed: ARCs as full resolution applicants, more AIFs, private credit & turnaround investors, patient capital, better info, faster resolution — and real price discovery.