Taxpayers’ money at stake? SC flags bank-ARC-borrowers ‘deep-rooted’ nexus | India News
The Supreme Court Friday expressed concern over what it described as a deep-rooted nexus involving banks, asset reconstruction companies (ARCs) and borrowers, observing that public money could not be lent and subsequently written off without serious attempts at recovery.A bench comprising Chief Justice Surya Kant and Justice V Mohana said its primary concern was the…