The credibility of our guarantees and counter guarantees would be irrepairably damaged if we (IDBI) are bent upon removing the clothes of the lenders, who are, in any way, prepared to let go of a jacket or a shirt.
Attempting to bare them fully is lacking wisdom to tackle a delicate issue like this.
If they, the lenders, litigate, and mind you they have very deep pockets, it is likely that an arbiter or an international court may give them a full award plus interest.
The IDBI dummies should make a more practical approach.
This is after all not a marwari shop.
The act is being played on the international platform where Enron has been laid bare and the local mischief-mongers let free and exempted from a SIT.
It is a huge wonder why nobody, including the apex court, has taken up any cudgel and made this a PIL.
After all it is all public money !
The culprits who deliberately played tango with Enron should be exposed and exposed fully.
