The Supreme Court on Wednesday asked the Reserve Bank of India to furnish a list of the companies which are in default of loans by the banks and financial institutions in excess of Rs 500 crore or whose loans have been restructured under corporate debts restructuring scheme. This must be submitted within the next six weeks.
The apex court also added that the list of defaulters must include public sector banks as well as all financial institutions.
While asking the RBI to file an affidavit, the apex court bench headed by Chief Justice TS Thakur directed that the list be furnished to it in a sealed cover. Justice Thakur was delivering an order for a 2005 case when he noticed RBI lawyer HS Parihar in the courtroom. He made Parihar take note of the issue to assure that the central bank would comply with the order.
The court said this because one of the counsel told the court about the commercial confidentiality of the companies.
The RBI is yet to give an official response to the court order.
(With inputs from agencies)
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