Restructuring concept is not for non willful defaulters. what is called circumstances only will make or mar a business. The recoveyr of a loan shall not be linked to the restructuring, as it will delay the process of both recovery and restructuring. Historically, itself, if restructure linked to recovery action both will be get negated. By delaying recovery, the society is losing chance to finanace a new venture which may be more viable and creative.
Sabu
chels...@yahoo.co.in
Manager <mana
...@bankdrt.com> wrote:
willful defaulters. Should such defaulter be given a chance to re-run
his industry and come back on rails ? Should there be a provision to
explore debt re-structuring for circumstantial defaulters before the
assets are securitized? Should there be an expert team to aid and
advice the Debts Recovery Tribunal on what is in the best interests of
the sick industry, or should it left to the abilities of advocates
appearing for either parties to make a presentation? Join the August
Maha Debate to express yourself on these points.
Read the full article at the following link :
http://www.bankdrt.com/nf/news/read_full_news.php?id=N00020060809001S...
RE-SCTRUCTURING BE MADE MANDATORY ?
Sabu G Chelapaden
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