The Code -- upsetting the traditional rules -- where banks sold the personal guarantor's assets if a company was in default".If guarantee is not realized from the guarantor why he stood guarantor at all and why the Public whose money is worked in banks should have been given to believe that the public money recovery is certain and would be arranged by the guarantor.It is a breach of faith to the Public.Poor public money is called for recapitalization .Hair cut , deep hair cut etc are to be done in saloons or in Barber's shop.Banks have bankers to get back the loan paid under their watch and authority on behalf of the Govt. of India.." an effective and robust bankruptcy regime is important"For 70 years with all the regime in banks we have 8 lakh Crores unrecovered loan and a banking sector that openly tells that they don't take actions to recover as they would be questioned if anything goes wrong.They want amnesty to do wrong and they are not confident in their ability to take right decisions and the Govt. gives them salary to tell it Regime means a system or ordered way of doing things.Banks had not done in the ordered way to recover loan and what is all talk of regime?During 1980-2014 the income of top 1% earners of India had gone up from 6% in 1980 to 22% .this runs parallel to the privatization period.We are a constitution declared Socialist country.This is how wealth is to be distributed in it.Make regime like this.There is limit to fool the P
