@PChidambaram_IN | 1,792,430 followers
The Insolvency Board's statement hides more than it reveals

Brushing aside the jargon and verbiage, what it means is that in 542 resolutions, against a total debt of Rs 7.91 lakh crore, the creditors recovered only Rs 1.80 lakh crore

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Total of 29 replies and 7 quotes found
In reply to @PChidambaram_IN
The "haircut" or dents written off was Rs 6.12 lakh crore That is Rs 6,12,000 crore was written off
 
In reply to @PChidambaram_IN
Recoveries by financial creditors under IBC shrink to 33%, shows data.business-standard.com/article/compan…
 
In reply to @PChidambaram_IN
Steal a few lakhs from public funds - and mainstream media will go to town with it. Steal Rs 2.6 lakh crores through bank "recapitalisation" to compensate them for money looted by defaulters they refuse to name - and mainstream media will respond with a deafening silence !
 
Rs 6,12,000 Crores was written off under IBC.
Rs 10,71,00,000 Crores was written off by banks.

For the likes of Hamare Mehul Bhai, while BJP-RSS gets richer every year. pic.twitter.com/fYVWSQukZT
 
In reply to @PChidambaram_IN
Big Indian loot bazaar - where some crook promoters bought companies at lesser than throw away prices from other crook promoters to take the banks for a ride by not only giving them a double hair cut but also getting them to finance the balance only to “save” the banks
 
In reply to @PChidambaram_IN
In Videocon case when on paper assets are of more than 25000 Cr, the deal made of mere 2700 Cr. 200 Cr were already in current account. Operational creditors, almost all MSME will receive zero. Videocon was Indian brand, finished by vocals of make in India and Atmnirbhar bharat.
 
In reply to @PChidambaram_IN
I agree . But all the mess were created during 2004 - 2014 . Whenever u came to Sivaganga , to make you happy banks used to give loans . How many of your Binami loans became NPA in Sivaganga District alone ? UPA created mess in banking 😡😡😡
 
 
In reply to @PChidambaram_IN
Whether Bank Extending Credit Like A Dole Centre? Bank Must Ensure To Recover Entire Valid Dues From NPA, Defaulter A/Cs,Stressed Assets Account For Safeguard Interest Of Depositors, Investors Account & Not To Convert Good Borrower Into Bad Account. Country Is First & Foremost.
 
In reply to @PChidambaram_IN
Means a haircut of 77.25 % . Wow what a great law. We recovered 22.75 INR against every 100 INR . Vikas isko bolte hai
 
In reply to @PChidambaram_IN
पूर्व वित मंत्री पी चिदंबरम जी आपको परिवार संहिता बहुत बहुत धन्यवाद एवं शुभकामनाएं देवीदयाल द्विवेदी समाज सेवी लालगंज उतर प्रदेश
 
In reply to @PChidambaram_IN
You will admit that most of loans like JP Associate Rs 70000 crores Anil Ambani, Rs 50000 crores, Videocon Rs 40000 crores etc. were given to shaddy industrialists without proper verification in UPA time. PSU banks are used as tool to favour few & same is continued till date.
 
The process has been outsourced and has been subject to abuse by many in the system. No real monitoring happens. Judicial supervision is also miniscule.
 
In reply to @PChidambaram_IN
Nirbala Tai : the debt isn't written off , the debtors are forever indebted...
 
In reply to @PChidambaram_IN
Who disbursed such a huge loan without proper security?
 
Where's the rest of 6.11 lakh Crores gone ?? @narendramodi @nsitharaman @nsitharamanoffc
 
In reply to @PChidambaram_IN
Nikab be berozgar congressi
 
In reply to @PChidambaram_IN
Criticized and Criticized is only your motive So you are out dated and exposed person
 
In reply to @PChidambaram_IN
Unrecovered was between 2004 to 2014. you want to know how they trace that. To understand your plight of re entering jail.
 
In reply to @PChidambaram_IN
So what would you have done differently... Suggest . ..stop complaining
 
 
In reply to @PChidambaram_IN
The THIEF in CHIEF, who LOOTED the government treasury durin UPA 1 and 2 government is giving lectures
 
In reply to @PChidambaram_IN
Chor Donga Tirudaa Thief Kallan Tihar resident Cauliflower farmer Vaayi moodu
 
In reply to @PChidambaram_IN
Our economic growth is in doldrums tailor made statements hiding the true figures
 
In reply to @PChidambaram_IN
Chiddu, we already know now how stupid you are and you as FM of India was worst happened to India. Modi govt recovered 1. 8 lack crores while in your time there was no recovery. So anyday better than you. Now ahut up and think about your bail getting cancelled.
 
 
Whenever I see u..u always remind me of ur parliament speech mocking #DigitalIndia .
nd den comes d realisation dat we Indians r in safe hands .
Life thori expensive ho gayi h but hey,if u want better lifestyle,u got 2 pay more.

RIGHT SIR.?

Thanks fr ur speech in d parliament.
 
In reply to @PChidambaram_IN
Who gave those loans, it was UPA…
 
In reply to @PChidambaram_IN
does that mean Modi Govt has stolen 24000 from every household in India and gifted it to 542 supporters ?
 
Insolvency itself is wrong. Because all laws are correct and how come a business become insolvency when others of same business is doing good. Leaders are making fool of system. Why worry about the impact.
 
In reply to @PChidambaram_IN
Tell us how many shares Ur bacha bought and sold in Unitech on Ur preferred allotment of 2g spectrum . With CBI under u ,u escaped but screwed our leader Karunanidhi at an advanced age imprisoning his daughter. They are still crying within unable to kick u because of Ur knot
 
In reply to @PChidambaram_IN
As a finance minister you looted India
 
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