How ‘The Insolvency and Bankruptcy Code’ helpsto Loot Public Money ‘Legally’

The authorities made a tall claim that this act would prove to be highly effective in the recovery of NPAs from the corporates as otherwise, these corporate borrowers would face liquidation. Under the direction of RBI, in June 2017, banks referred 12 largest NPA accounts amounting to Rs 3,45,000 crores, constituting 25 per cent of the total NPAs of all the banks, to the NCLT. Read More >>