Agson Global Loan Default: Transparency Concerns Mount Over NARCL Asset Recovery
The Controversy Surrounding Debt Resolution The National Asset Reconstruction Company Ltd (NARCL), India’s state-backed ‘bad bank,’ is facing intense scrutiny following allegations of procedural irregularities in its handling of the Agson Global loan default. Reports surfacing this week indicate that the institution settled the multi-crore debt without the standard competitive bidding process usually required for…