Photo of Kapil Arora

Partner in the Disputes Resolution Practice at the Delhi office of Cyril Amarchand Mangaldas. Kapil’s expertise in dispute resolution ranges from the matters that are subject to both domestic and international commercial arbitration and litigation before the Supreme Court of India and High Courts.

He has also successfully represented leading companies in corporate fraud and white-collar crimes. He can be reached  at kapil.arora@cyrilshroff.com

The Government of India and the Reserve Bank of India (RBI) have brought about several measures to resolve non-performing assets (NPAs). Several NPAs may have arisen from credit facilities that were sanctioned by banks as a commercial decision taken in good faith and in the ordinary course of conducting banking business. Equally there could be cases where NPAs arise as a result of siphoning of funds by the borrower or promoters or other connected entities.

Several serving and retired bankers have recently been charged and/or arrested on suspicion of criminal misconduct over alleged loan fraud under the Prevention of Corruption Act, 1988 (Principal Act). There have been instances of arrest of bank officials without any proof of quid pro quo or wrongdoings.

Continue Reading The Prevention of Corruption (Amendment) Act, 2013: Impact on Decision Making in Banks