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Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?


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Sudarshan Nityananda
50% hair cut
by Sudarshan Nityananda on Mar 19, 2018 07:54 PM  | Hide replies

If the 50% hair cut offerred by Galva is accepted, then Indian banks should have accepted the RS 6000 cr offer by Mallya , instead of getting into endless International litigation. Instead the banks simply made it a political issue.

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J Swaminathan
Re: 50% hair cut
by J Swaminathan on Mar 20, 2018 12:03 AM
In the case of farmers and education loans, only these peoples have to cut off their head. Banks take hair cut only at the altar of looters.

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