NPA Case: Ronit Nirman Pvt Ltd owes 24 CR. to Hdfc Bank Ltd

NewsX 2018-05-29

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Today we bring you case 46 in the NewsX NPA list. This case sheds light the loopholes in the system that allow banks to lend money to companies which are already running large Npa’s. The same directors are running multiple companies and defaulting on loans from multiple banks, all at the same time. This case is a reminder of how banks despite various indications of a company's financial health, fail to act accordingly and unintentionally end up extracting money out of the system for it to never come back.

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