....In 1987, the Supreme Court, in the Reserve Bank of India vs Peerless Co case, asked the government the action that it was taking against the "mushroom growth of finance and investment companies" offering staggeringly high rate of interest, like 30 per cent in six months. Analysing a scheme, the judges said the investor was always on the losing end - "perfect case of heads I win, tails you lose". ........
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