Monthly debate - Should S.13(4) of the SRFAESI Act be modified?

[Manager]

A bank will go under if there is a run on it. Similarly, if all
creditors recall their amounts, even Reliance will fold up and so would
any industry for that matter. Therefore, recall of amounts should be
tempered with business pragmatism. But under Section 13(4) of the
SRFAESI Act the bankers can recall their advances at any time. It is
time to examine this section of the Act more closely.

To read the full article using the following URL :
http://www.bankdrt.com/nf/news/read_full_news.php?id=N00020060701001