RBI’s Strategic Debt Restructuring Scheme Targets Loan Defaulters
Wilful defaulters and defaulting companies can no more withhold loan repayments, with the release of the Reserve Bank of India’s new guidelines under the ‘Strategic Debt Restructuring’ scheme. The scheme intends to target all those who consciously deceive creditors and doesn’t repay loans, including companies which do not repay despite being able to. However, the…