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Bad loans: Govt may crack down on 5-10 top wilful defaulters

Bad loans: Govt may crack down on 5-10 top wilful defaulters

Friday, March 31, 2017, 11:07 AM

Amid the worsening bad loans crisis, government may start a crackdown on 5-10 large firms considered among the top wilful defaulters, according to a report . Promoters of some large defaulters, whose criminal intent of avoiding payments has prime facie been established, could be in the government’s crosshairs and specific action will decided after consulting the Prime Minister’s Office.
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