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Wednesday, Jul 24, 2002

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Bad debts

This refers to the Government Ordinance for collecting the bad debts from defaulters from the bank for long penal proceedings. This is a welcome move by the Government.

The Government must issue the same ordinance for the defaulters of financial companies, benefit funds, where small investors have put their hard-earned money. If this ordinance is also made applicable to the institutions, the recovery will be fast and the small depositors will get back their money.

Bhagwandas Mangal

Chennai

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