February 27, 2018

Burn Standard , a PSU is with NCLT-

 State Bank of India Chief has asked if we can name any one Govt owned PSU whose case is with NCLT for Insolvency proceedings.


( State Bank of India Chief )  said almost all bad loans and poor governance standards cases are from private sector enterprises while state-run firms have high governance standards. 

“If the private sector is all about good corporate governance then tell me which public sector company is in NCLT (National Company Law Tribunal) today? 

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Answer : 

Burn Standard , a Govt. owned PSU ,is with NCLT for Insolvency Resolution.

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