Passport to Bankruptcy

Solving that Insolvency problem? Until Teleporting becomes a reality.

Sitting in the city that has the highest lawyers per capita, here is some food for thought for recovering those NPAs – take away the passports of the key managerial personnel of any entity that becomes a NPA.

Let the fun and games begin. No holidays. No travel. No destination weddings.

Or we could spend taxpayer money chasing alleged economic fugitives abroad.

This thought was, of course, inspired by this article and that whole, now all too familiar, Vijay Mallya tango…

2 Comments

  1. Agree. But why shouldn’t people sanctioning such loans and standing guarantees be also dealt in the same way as suggested by you

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