Sucheta Dalal :RBI Goes after Guarantors
Sucheta Dalal

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RBI Goes after Guarantors  

September 17, 2014

Will it stop wilful default this time?

 

Sucheta Dalal

 

The notification of the Reserve Bank of India (RBI)—that individuals and companies who fail to honour guarantees provided to wilful defaulters can also be charged with ‘wilful default’—is welcome and long overdue.

 

 

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-- Sucheta Dalal