It is in everybody's interest, in particular, the people who are invested in the lending agencies to bring this matter to a swift resolution.
Personal agendas and petty squabbling should be kept at bay. A focussed, sensible, practical, and most of all a PROFESSIONAL approach is necessary. This and this alone, if at all, will bring about an optimally beneficial solution for all the stakeholders and closure to this potentially endless saga.
Govt/ Supreme court should have the discretionary powers to be used in proven cases of deliberately avoiding repayment of loans of PSU banks and properties worth of more than double of their known income by politicians and top bureaucracy( where only you find corruption in crores beyond their worth) to be confiscated to the Govt.Corruption& default of loans in majority cases is politically connected only.
Re: Recovery of Loans& confiscating property of proved co
by SAMUEL FERNANDES on May 04, 2017 07:22 AM
If all our politicians practice the sermons delivered by them to public in their political speeches,they wld have set an example to the public to emulate.As most of them are only good actors,nobody take them serious
Re: Re: Loan recovery.
by Srinivas Konuri on May 03, 2017 10:02 PM
The loan has to be recovered. This is what is important. No future credit can be given. But humiliating the defaulters has no role in all of this. Defaulting on loans might lead to losing social status or position but this is not part of the role or responsibilities of lending agencies or government bodies.
This Mallya extradiction story is just an eyewash for Indians,, our Govt trying to show they are doing there Best to bring him back.. I am 100% sure he will never get extradicted
Let the agencies concentrate on recovering the loans he has taken so that people who have a stake do not lose out. This should be the real objective.
The agencies should try to recover as much and as soon as possible, the loans taken by Vijay Mallya. This is what really matters. Steps necessary in this direction should be taken.
Extradition is not really the ultimate objective and certainly humiliating and insulting Vijay Mallya is not and should not be the objective.
Long overdue, who will bring it, one can see at lower courts-system is corrupt from top to bottom, daily Peshkar or Reader takes bribe under the nose of a judge. Country needs urgently political, service condition of govt.employees and judicial reforms to suit today requirement. Appears even Modi is not dare enough to bring speed in it.
