https://www.taxtmi.com/news?id=21787 Mechanisms to deter and recover from wilful defaults combine supervisory scrutiny of large NPAs, legal enforcement through suits, SARFAESI action and criminal FIRs, and policy prohibitions barring additional bank facilities and market access. The Fugitive Economic Offenders Act enables attachment and confiscation of property for offenders outside jurisdiction. Administrative measures include publishing photographs, passport verification for promoters and authorised signatories of large borrowers, and requesting Look Out Circulars; recoveries proceed under IBC, SARFAESI and debt-recovery tribunals. en-us Wed, 24 Jul 2019 09:49:14 +0530 Wed, 24 Jul 2019 09:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21787 Mechanisms to deter and recover from wilful defaults combine supervisory scrutiny of large NPAs, legal enforcement through suits, SARFAESI action and criminal FIRs, and policy prohibitions barring additional bank facilities and market access. The Fugitive Economic Offenders Act enables attachment and confiscation of property for offenders outside jurisdiction. Administrative measures include publishing photographs, passport verification for promoters and authorised signatories of large borrowers, and requesting Look Out Circulars; recoveries proceed under IBC, SARFAESI and debt-recovery tribunals. News - Wed, 24 Jul 2019 09:49:14 +0530 https://www.taxtmi.com/news?id=21787