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Banks go after promoter trusts of firms having stressed loans


Banks go after promoter trusts of firms having stressed loans
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In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and they even sought additional guarantees to de-risk their loans, say insiders. Even in sales, where promoters are seeking additional loans, the lenders are asking for more collateral or guarantees.
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This comes at a time when several promoters have started creating asset protection trusts where they are parking some of their assets which cannot be touched by any bank or investigating agency in case of a default. ....

Sandeep Nerlekar , Family Trusts , Co Vid , Additional Guarantees , சந்தீப் நேரிலேக்ககர் , குடும்பம் அறக்கட்டளைகள் , இணை வித் ,