The circular dated July 30, 2015 reviews the guidelines on restructuring of advances by NBFCs (Restructuring Guidelines), and prescribes that where the projects are stalled due to inadequacies of the promoter, if there is a change in ownership within the period of extension of date of commencement of commercial operations granted in accordance with the Restructuring Guidelines, NBFCs may shift/extend repayment scheduleby another two years.The foregoing is subject to conditions such as:

(i) the new promoter should own 51%,
(ii) the project should be stalled due to inadequacy of the promoter, and
(iii) viability of the project should be established to the satisfaction of the NBFC.

Circular