mehul choksi: Fugitive Mehul Choksi’s Gitanjali Gems tops India wilful defaulters list

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The top fifty names in India’s list of willful defaulters owe banks a total of Rs 92,570 crore (March 31 data), the government informed Parliament.

According to the reply filed MoS Finance Bhagavad Garat, Gitanjali Gems belonging to a fugitive Mekul Soksi7,848 crore in outstanding loans, which is at the top The defaulter In the list.

Era Infra with Rs 5,879 crore and Reiko Agro with Rs 4,803 crore are the next two, the government said.

Others on the list are included Concast Steel and Power (Rs. 4,596 crore), APG Shipyard (Rs. 3,708 crore), Frost International (Rs. 3,311 crore), Successful Diamonds and Jewelery Rs 2,931 crore), Rotomac Global (Rs 2,893 crore), Offshore Projects (Rs 2,311 crore), Zoom Developers (Rs 2,147 crore).

In the last six years up to the financial year 2021-22, banks have written off Rs 11.17 lakh crore of bad loans, it was reported in Parliament.

Banks write off NPAs as part of a regular exercise to clean up their balance sheets. This exercise is carried out as per RBI norms and policy approved by their Boards.

In public sector banks Rs. The total number of willful defaulters for loans of Rs 25 lakh and above was 8,045 as on June 30, 2017 and 12,439 as on June 30, 2022. For private sector banks, it was 1,616. 2,447 as on June 30, 2017 and June 30, 2022. As per RBI data, as on 30.6.2017, there were 8,744 case-filed willful defaulters and 917 non-case-filed willful defaulters in public and private sector banks. and as on 30.6.2022, it stands at 14,485 and 401 respectively,” Parliament was informed.

The list of willful defaulters of Rs 25 lakh and above is in public domain on the websites of Credit Information Companies (CICs) and the list of willful defaulters who have not filed a case is confidential and not in public domain. .


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