Debt Recovery Tribunal Slaps Rs 5 Lakh Penalty on Bank of India for Compromising Loan Recovery

The tribunal also observed that the lender entered into a compromise to recover Rs 31.2 lakh against the loan amount. The Presiding Officer of the DRT1, Ahmedabad, Vinay Goel came down hard on the bank for sacrificing Rs 2.25 crore of taxpayers' money while making compromise with the borrowers.

from Top Business News- News18.com https://ift.tt/3eCYqjB

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