Banks, sources said, have examined the possibility of moving the National Company Law Tribunal (NCLT) with the Supreme Court last month paving the way for financial creditors to go after personal assets of promoters and directors who stood as guarantors once the borrowing company is taken to bankruptcy court or faces liquidation.
SBI union, others urge RBI to scrap digital payments planInvolvement of big multi-national companies raises fears of abuse of user data and India's digital payment networks should continue to operate on a non-profit basis, the All India State Bank of India (SBI) Staff Federation and the UNI Global Union, a vocal critic of tech giants, wrote in the letter to RBI.
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