Gold Silver Reports (GSR) – Government Considering Barring 91 Defaulters From Leaving India — India has compiled a list of people it is considering barring from leaving the country because of their involvement with companies that have defaulted on loans, a person with knowledge of the matter said.
The government has come up with names of 91 people involved with 400 of the so-called wilful defaulters, the person said, asking not to be identified as the information is private. Prime Minister Narendra Modi’s administration has asked creditors to start legal proceedings against these companies and asked banks to provide passport details of people associated with soured loans of more than Rs 50 crore, the person said, declining to share names and details.
