Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680379dd83025-trace').style.display = (document.getElementById('cakeErr680379dd83025-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680379dd83025-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680379dd83025-code').style.display = (document.getElementById('cakeErr680379dd83025-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680379dd83025-context').style.display = (document.getElementById('cakeErr680379dd83025-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680379dd83025-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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-The Telegraph/ PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;
&lt;br /&gt;
The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;
&lt;br /&gt;
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;
&lt;br /&gt;
The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;
&lt;br /&gt;
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;
&lt;br /&gt;
To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;
&lt;br /&gt;
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;
&lt;br /&gt;
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;
&lt;br /&gt;
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;
&lt;br /&gt;
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 25 October, 2016, http://www.telegraphindia.com/1161025/jsp/nation/story_115495.jsp#.WA-JBvT3_N5&#039;,
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

The...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph/ PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;&lt;br /&gt;The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;&lt;br /&gt;Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;&lt;br /&gt;&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;&lt;br /&gt;&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;&lt;br /&gt;The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;&lt;br /&gt;The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;&lt;br /&gt;All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;&lt;br /&gt;To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;&lt;br /&gt;Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;&lt;br /&gt;The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;&lt;br /&gt;Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;&lt;br /&gt;He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;&lt;br /&gt;He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;&lt;br /&gt;&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.&lt;/div&gt;&#039;,
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-The Telegraph/ PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;
&lt;br /&gt;
The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;
&lt;br /&gt;
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;
&lt;br /&gt;
The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;
&lt;br /&gt;
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;
&lt;br /&gt;
To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;
&lt;br /&gt;
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;
&lt;br /&gt;
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;
&lt;br /&gt;
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;
&lt;br /&gt;
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.
&lt;/div&gt;&#039;,
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

The...&#039;
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New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

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                <strong>Make default list public: SC</strong></h1>
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                <div align="justify">-The Telegraph/ PTI<br /><br /><em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br /><br />The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br /><br />Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br /><br />&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br /><br />&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br /><br />The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br /><br />The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br /><br />All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br /><br />To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br /><br />Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br /><br />The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br /><br />Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br /><br />He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br /><br />He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br /><br />&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.</div>               </font>
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-The Telegraph/ PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;
&lt;br /&gt;
The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;
&lt;br /&gt;
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;
&lt;br /&gt;
The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;
&lt;br /&gt;
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;
&lt;br /&gt;
To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;
&lt;br /&gt;
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;
&lt;br /&gt;
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;
&lt;br /&gt;
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;
&lt;br /&gt;
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 25 October, 2016, http://www.telegraphindia.com/1161025/jsp/nation/story_115495.jsp#.WA-JBvT3_N5&#039;,
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

The...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph/ PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;&lt;br /&gt;The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;&lt;br /&gt;Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;&lt;br /&gt;&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;&lt;br /&gt;&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;&lt;br /&gt;The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;&lt;br /&gt;The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;&lt;br /&gt;All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;&lt;br /&gt;To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;&lt;br /&gt;Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;&lt;br /&gt;The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;&lt;br /&gt;Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;&lt;br /&gt;He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;&lt;br /&gt;He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;&lt;br /&gt;&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.&lt;/div&gt;&#039;,
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-The Telegraph/ PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;
&lt;br /&gt;
The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;
&lt;br /&gt;
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;
&lt;br /&gt;
The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;
&lt;br /&gt;
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;
&lt;br /&gt;
To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;
&lt;br /&gt;
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;
&lt;br /&gt;
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;
&lt;br /&gt;
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;
&lt;br /&gt;
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.
&lt;/div&gt;&#039;,
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

The...&#039;
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

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                <strong>Make default list public: SC</strong></h1>
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                <div align="justify">-The Telegraph/ PTI<br /><br /><em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br /><br />The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br /><br />Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br /><br />&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br /><br />&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br /><br />The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br /><br />The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br /><br />All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br /><br />To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br /><br />Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br /><br />The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br /><br />Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br /><br />He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br /><br />He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br /><br />&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.</div>               </font>
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-The Telegraph/ PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;
&lt;br /&gt;
The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;
&lt;br /&gt;
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;
&lt;br /&gt;
The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;
&lt;br /&gt;
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;
&lt;br /&gt;
To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;
&lt;br /&gt;
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;
&lt;br /&gt;
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;
&lt;br /&gt;
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;
&lt;br /&gt;
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.
&lt;/div&gt;&#039;,
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph/ PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;&lt;br /&gt;The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;&lt;br /&gt;Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;&lt;br /&gt;&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;&lt;br /&gt;&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;&lt;br /&gt;The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;&lt;br /&gt;The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;&lt;br /&gt;All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;&lt;br /&gt;To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;&lt;br /&gt;Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;&lt;br /&gt;The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;&lt;br /&gt;Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;&lt;br /&gt;He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;&lt;br /&gt;He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;&lt;br /&gt;&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.&lt;/div&gt;&#039;,
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-The Telegraph/ PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.&lt;br /&gt;
&lt;br /&gt;
The top court, after going through the defaulters&#039; list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&amp;quot; the court asked.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&amp;quot;&lt;br /&gt;
&lt;br /&gt;
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.&lt;br /&gt;
&lt;br /&gt;
The RBI counsel said the banking regulator had decentralised its role and a &amp;quot;blanket disclosure&amp;quot; of the defaulters&#039; names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.&lt;br /&gt;
&lt;br /&gt;
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters&#039; names cannot be disclosed under the rules, he pleaded.&lt;br /&gt;
&lt;br /&gt;
To this, the bench said: &amp;quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.&lt;br /&gt;
&lt;br /&gt;
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.&lt;br /&gt;
&lt;br /&gt;
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar&#039;s request for a month&#039;s adjournment.&lt;br /&gt;
&lt;br /&gt;
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.&lt;br /&gt;
&lt;br /&gt;
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&amp;quot; the bench said. The next hearing is on Friday.
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

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                <strong>Make default list public: SC</strong></h1>
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                <div align="justify">-The Telegraph/ PTI<br /><br /><em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br /><br />The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br /><br />Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br /><br />&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br /><br />&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br /><br />The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br /><br />The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br /><br />All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br /><br />To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br /><br />Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br /><br />The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br /><br />Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br /><br />He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br /><br />He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br /><br />&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.</div>               </font>
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-The Telegraph/ PTI<br />
<br />
<em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br />
<br />
The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br />
<br />
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br />
<br />
&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br />
<br />
&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br />
<br />
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br />
<br />
The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br />
<br />
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br />
<br />
To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br />
<br />
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br />
<br />
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br />
<br />
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br />
<br />
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br />
<br />
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br />
<br />
&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

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	'disp' => '<div align="justify">-The Telegraph/ PTI<br /><br /><em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br /><br />The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br /><br />Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br /><br />&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br /><br />&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br /><br />The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br /><br />The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br /><br />All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br /><br />To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br /><br />Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br /><br />The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br /><br />Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br /><br />He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br /><br />He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br /><br />&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.</div>',
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-The Telegraph/ PTI<br />
<br />
<em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br />
<br />
The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br />
<br />
Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br />
<br />
&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br />
<br />
&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br />
<br />
The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br />
<br />
The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br />
<br />
All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br />
<br />
To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br />
<br />
Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br />
<br />
The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br />
<br />
Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br />
<br />
He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br />
<br />
He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br />
<br />
&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.
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-The Telegraph/ PTI

New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.

The...'
$disp = '<div align="justify">-The Telegraph/ PTI<br /><br /><em>New Delhi: </em>The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections.<br /><br />The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public.<br /><br />Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed.<br /><br />&quot;Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?&quot; the court asked.<br /><br />&quot;The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?&quot;<br /><br />The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details.<br /><br />The RBI counsel said the banking regulator had decentralised its role and a &quot;blanket disclosure&quot; of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005.<br /><br />All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded.<br /><br />To this, the bench said: &quot;You (RBI) must work in the interest of the country, not just in the interest of banks.&quot;<br /><br />Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report.<br /><br />The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore.<br /><br />Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment.<br /><br />He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules.<br /><br />He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction.<br /><br />&quot;We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing,&quot; the bench said. The next hearing is on Friday.</div>'
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Make default list public: SC

-The Telegraph/ PTI New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections. The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore and questioned why their names should not be made public. Solicitor-general Ranjit Kumar and the RBI counsel submitted that rules did not permit disclosure of names held in a fiduciary relationship. But the bench headed by Chief Justice of India T.S. Thakur was not impressed. "Who are these people who have borrowed money and are not paying back? Why this fact that the person has borrowed money and not paying back be not known to public?" the court asked. "The amount payable should be known to the public. Why should you withhold the information.... How does it affect you?" The bench, also comprising Justices D.Y. Chandrachud and L. Nageswara Rao, then sought to know who had said that the RBI could not disclose details. The RBI counsel said the banking regulator had decentralised its role and a "blanket disclosure" of the defaulters' names was barred under the RBI Act and Credit Information Companies (Regulation) Act of 2005. All are not wilful defaulters, he pointed out. The central bank is working in the interest of banks and defaulters' names cannot be disclosed under the rules, he pleaded. To this, the bench said: "You (RBI) must work in the interest of the country, not just in the interest of banks." Solicitor-general Kumar told the bench the Centre had set up a five-member committee to examine the allegations of default by individuals and companies. He sought adjournment of the case by four weeks to enable the committee to submit its report. The court is dealing with a 2003 PIL filed by the Centre for Public Interest and Litigation (CPIL), which had alleged that state-owned Housing and Urban Development Corporation (Hudco) had written off debts worth Rs 40,000 crore. Counsel Prashant Bhushan, appearing for CPIL, opposed Kumar's request for a month's adjournment. He said the so-called committee comprised top executives of PSU banks whose officers were guilty of disbursing loans in violation of the rules. He suggested that former RBI governor Raghuram Rajan be appointed as head of a committee that would probe the allegations. But the court said Rajan had helmed the RBI for four years, during which time there had been accusations of inaction. "We will make it clear that disclosure of the names does not mean they are wilful defaulters. Whether or not they are defaulters, we will deal with it at the next date of hearing," the bench said. The next hearing is on Friday.