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SC flags nexus between banks, ARCs over loans

Financial Express Mumbai

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June 20, 2026

FLAGGING A DEEP-ROOTED nexus between banks, asset reconstruction companies (ARCs) and borrowers, the Supreme Court (SC) on Friday said that taxpayers’ money being given as loans and then no effective efforts were taken to recover the amount was not acceptable.

- PRESS TRUST OF INDIA

A bench of Chief Justice Surya Kant and Justice V Mohana said it was only concerned about the misutilisation of public money, which should have been spent for the welfare of people.

Financial Express Mumbai

यह कहानी Financial Express Mumbai के June 20, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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