Bad loans: Madam, don't send us to court, companies tell SBI

“The first thing they say when they come to us is ‘Madam please don’t send us to NCLT,’" she said, referring to the National Company Law Tribunal. She added that if the founder is “genuine we don’t want him to lose the company.” Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for India’s business community.

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