NPA files on NewsX Aristo Fab Pvt Ltd owes South Indian Bank Ltd 28 cr

NewsX 2018-05-23

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After 3 months of relentless NPA investigation, today we bring to you case file 42 in the NewsX NPA list Aristo Fab Pvt Ltd. This case sheds light on how despite running multiple companies and defaulting on multiple loans, the directors manage to kickstart newer companies without being caught or coming under limelight and even though the recovery process is painful and often the collateral is not even valued at half the loan price, this chain of newer extending loans seems never ending. For more, let's listen in to the full report.

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