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Over 8,000 Willful Defaulters Who Owe Banks Over Rs 76,600 crore, Says Arun Jaitley
There are 8,167 wilful defaulters who owe banks an amount of Rs 76,685 crore and 1,724 FIRs have already been filed in 2015-16, government said on Tuesday.

There are 8,167 wilful defaulters who owe banks an amount of Rs 76,685 crore and 1,724 FIRs have already been filed in 2015-16, government said on Tuesday.

The details were provided by Finance Minister Arun Jaitley in Rajya Sabha during Question Hour, where he also said that a Joint Committee of Parliament is presently looking into a Bill relating to debt recovery which aims at empowering banks to take more effective steps in dealing with default situations.

Congress leader Anand Sharma raised the matter relating to many positions in the Debt Recovery Tribunals being vacant.

Jaitley said Sharma was “perfectly right that the Debt Recovery Tribunals have to be made more effective.”

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