After failing to implement a corporate debt restructuring (CDR) package in a debt-ridden Electrotherm, bankers are now looking to sell their exposures in the firm to asset restructuring companies (ARCs) in a bid to recover their money.Two people in know of the development said at least six banks have put their exposures in the company on sale, either as a part of the consortium or outside it.A source told FE that a 17-bank consortium led by Bank of India has an exposure of around R3,442 crore in the Ahmedabad-based company.

Source - http://www.financialexpress.com