[Rising NPAs] Court can't issue omnibus order to reform system: Madras High Court

"An omnibus order to reform the system cannot be sought at this level and given the current trend of the diminution of authority of the High Courts, it may not even be taken seriously," the Court said.
Madras High Court
Madras High Court

A petition raising concern over the rising number of non-performing assets (NPAs) and money virtually "vanishing" from the Indian economy on Tuesday led the Madras High Court to express myriad concerns over systemic problems hindering the tackling of such issues (Siddarth Govind v. Union of India and ors).

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