{"id":2672,"date":"2017-11-23T13:04:18","date_gmt":"2017-11-23T07:34:18","guid":{"rendered":"http:\/\/yourcareerheights.com\/?post_type=news&#038;p=2672"},"modified":"2017-11-23T13:04:18","modified_gmt":"2017-11-23T07:34:18","slug":"barring-wilful-defaulters-from-acquiring-bankrupt-company-will-bring-credit-discipline-bankers","status":"publish","type":"news","link":"https:\/\/yourcareerheights.com\/?news=barring-wilful-defaulters-from-acquiring-bankrupt-company-will-bring-credit-discipline-bankers","title":{"rendered":"Barring wilful defaulters from acquiring bankrupt company will bring credit discipline: Bankers"},"content":{"rendered":"<h3>MUMBAI: The move to bar wilful defaulters from regaining control over their companies will bring credit discipline and prevent promoters from gaming the system, senior bankers said.<br \/>\nAfter an intense debate about whether the Insolvency and Bankruptcy Code prevents or encourages those who defrauded the banking industry, the government on Wednesday proposed an ordinance that would bar `wilful defaulters\u2019 from bidding for assets in the bankruptcy courts. The Reserve Bank of India defines a wilful defaulter as one who had the ability to pay up, but did not, and other factors including diversion of funds.<\/p>\n<p>Read more at:<br \/>\n<a href=\"https:\/\/economictimes.indiatimes.com\/articleshow\/61758993.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst\">\/\/economictimes.indiatimes.com\/articleshow\/61758993.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst<\/a><\/h3>\n<div><\/div>\n <!-- AdSense Now! Lite: WP is not in the loop.  -->\n","protected":false},"excerpt":{"rendered":"<p>The move to bar wilful defaulters from regaining control over their companies will bring credit discipline and prevent promoters from gaming the system<\/p>\n","protected":false},"author":1,"featured_media":2576,"comment_status":"open","ping_status":"open","template":"","tags":[373,3,303,35,11,278,374,39,347,74],"news-category":[244,314,27,55,29,28,277,342,343,69,330,344,129],"class_list":["post-2672","news","type-news","status-publish","has-post-thumbnail","hentry","tag-bankcruptcy","tag-banking","tag-banks","tag-economy","tag-finance","tag-finance-ministry","tag-insolvency-bankrupcy-code","tag-loans","tag-nclt","tag-npa","news-category-bad-debts","news-category-bad-loans","news-category-banking","news-category-basel-iii","news-category-economy","news-category-finance","news-category-finance-ministry","news-category-national-company-law-tribunal-nclt","news-category-nclt","news-category-npa","news-category-psb","news-category-recovery","news-category-wilful-defaulters"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/2672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2672"}],"version-history":[{"count":0,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/2672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/2576"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2672"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2672"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fnews-category&post=2672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}