MSME NPAs require a different approach

Sapan Gupta, national practice head,  banking & finance, Shardul Amarchand Mangaldas: ''Under the current bankruptcy regime, the law does not make a distinction on the basis of size of the loan except a fast track process for small companies. A separate approach on MSME within the current framework will require further changes in the Bankruptcy regime and will be a welcome step. MSME NPA requires a different approach compared to large accounts specifically on debarment of promoters.''