Hi,
It is not just about the money but also many other criteria which yesbank wants in an ARC. Like the ARC need to have certain experience, Certain turnover, if foreign company need to have an ARC in india and many more. I think cerberus did try from the beginning to get this ARC deal but somehow did not qualify to the standards yesbank was looking up to.
Moreover I don’t think there is any possibility for yesbank to back out. They would also not like to backout because this might further delay the process.
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