After cashing in on army’s action of surgical strikes , the Bharatiya Janata Party (BJP) has now tried to cash in on the apex court’s rulings over revelation of names of corporate loan defaulters. Though in a hurry the BJP leaders of the State acted on half-cooked information and tried to corner Congress over recovery of corporate loans.
The BJP headquarters in Bhopal issued a statement on Wednesday stating that the statement was issued by State vice-president of the BJP Jitu Jirati.
However, when contacted, Jirati categorically told ‘The Pioneer’ that he has not issued any statement and it is not at all in his knowledge that his party has issued such a statement on his name.
The statement said, “Recently, the way corporate loan defaulters came on target of Reserve Bank is surgical strike against them that has shown mirror to Congress vice president Rahul Gandhi. As the Congress scion by alleging that the NDA government is pro corporate tried to gain cheap publicity.”
The statement further said that it was during the Congress regime that due to nonpayment of loans the condition of financial institutions deteriorated but due to the current NDA regimes strictness they are forced to sale their assets to return loans exposing the deceitful allegations of the Congress.
But, contrary to the BJP leaders claims it is the Supreme Court that has taken initiative over the recovery from defaulter corporate and asked the Reserve Bank of India that why it is opposed to making names of 57 debtors, who have defaulted on repaying around `. 85,000 crore, public.
The apex court's suggestion for transparency was in reference to a confidential report filed by the RBI. It contains the names and details of loan defaults worth over Rs. 500 crore.
The court said the RBI should disclose the names and they should be available in the public domain and accessible through Right to Information (RTI) applications.
However, in response, the RBI counsel said that "names of defaulters cannot be made public under the statutory law," and added that some who have failed to pay back their loans have not done it on purpose.