The Asset Reconstruction Companies (ARCs) are advised by the Reserve Bank of India (RBI) to put in place a Fair Practices Code (FPC) that is duly approved by their Board of Directors. To enable the ARCs to achieve highest standards of transparency and fairness in dealing with the stakeholders, the FPC shall also be placed in public domain for information of all stakeholders. The brief highlights of the FPC as recommended by the RBI are as follows:
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