What are Asset Reconstruction Companies?
Introduction Asset reconstruction is the handling of distressed assets to attempt to recover their value and clear them from the books. The problem of non performing loan/assets is a global one and has been receiving attention of banks, economist, regulators and public, alike. Internationally Asset Reconstruction Companies (ARCs) have been created to bring about a system for cleaning up Non Performing Assets (NPAs) from the books of secured lenders and bring the locked assets in circulation into the economy. The word asset reconstruction…