[NPAs and Bad Loans] Union can do a lot of good if it steps in at the right time: Madras High Court
Madras High Court

[NPAs and Bad Loans] Union can do a lot of good if it steps in at the right time: Madras High Court

The Court was hearing a pending plea calling for directions to the Centre to initiate amalgamation proceedings under Section 237 of the Companies Act, 2013 against NPAs including Kingfisher Airlines, Essar, Videocon etc.

The hearing of a petition proposing solutions to combat the issue of Non-Performing Assets (NPAs) by invoking provisions of the Companies Act, 2013 saw the Madras High Court orally remark on Tuesday that the Central government has the potential to do a lot of good if it steps in at the right time (Siddarth Govind v. Union of India and ors).

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