@article {article1186, title = {Keep out (and punish) the defaulters}, author = {Ranjit K Pattnaik,Jagdish Rattanani}, journal = {Foundation of The Billion Press}, date = 2017-12-05, year = 2017, url = https://www.thebillionpress.org/columns/economy/keep-out-and-punish-defaulters-1186, Abstract = {We are here because, as the RBI Deputy Governor Viral Acharya once put it: “Original promoters – who rarely put in any financing and primarily provide sweat equity – have had somewhat of a field day, facing limited dilution, if any, of their initial stakes nor much of a threat of being outright replaced.” Banks are no less to blame.} }