Borrowers can pursue independent actions against the Lenders: SC

[Manager]

The Supreme Court has recently delivered a very significant judgement
bringing some sort of sense back to the chaotic Lender-Borrower
equation. Borrowers with big legal appetites, and those who have been
grossly wronged, can now give the lender's a run for their money.

To read more follow the link given below:
http://www.bankdrt.com/nf/news/read_full_news.php?id=J00020060512001

[Transparent]

thankyou

[robinm...@gmail.com]

Dear Sir,

Its nice to the SC' verdict favoring Borrowers with big legal appetites
who can now give the lender's a run for their money. Much talked about
NPAs and its asset-worthiness will surely bring in further chaos in its
actual elimination. The ARCs/SCs will have further role to play. But
the NPAs recovery will soon become a myth. I think SC's judgement would
be a shot in the arm of dubious defaulters/borrowers and have negative
impact to the economy.

The views is personal and for further details, you may be in touch with
Robin Majumder & Co., Corporate Lawyers, Legal Consultants, Copany
Secretaries, based in New Delhi at e_adv...@yahoo.co.uk or
forexlaw...@yahoo.com.

[robinm...@gmail.com]