.........To be sure, lenders selling pledged properties, or stocks are not new. But the fact that they are doing for some high-fliers and that they have got a strong backing from the RBI to do so is what is differentiating the current events from the past. Another stick that banks can now beat the erring promoters with is the power to throw out the management and bring in professionals to run troubled companies. Many of them are sceptical of this approach succeeding.............
Read - ET
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