New Delhi, Aug 27: Leader of Opposition in the Lok Sabha Rahul Gandhi on Thursday took a swipe at the government saying for select ‘friends’, bank money is like personal property – withdraw as much as you want, repay whatever you feel like.
In a post on X, Rahul Gandhi said, “NCLT – ‘Leader-Company Loot Tribunal’.
In a swipe at the government, he said, “If a farmer doesn’t pay Rs 50,000, his land gets auctioned off. If a salaried person misses even one EMI, bank goons show up at the house. Poor students can’t even get loans for education.”
“But for select ‘friends’, bank money is like personal property – withdraw as much as you want, repay whatever you feel like,” he said.
Slamming the government, he said, “The Modi government has created two systems in the country – one for a handful of billionaires, and another for everyone else.”
Earlier in the day, Congress General Secretary and Communication in-charge Jairam Ramesh also hit back at the government over the way in which the insolvency tribunal NCLT cleared businessman Subhash Chandra’s Rs 6.5 crore payout to settle Rs 22,006 crore dues, saying this is not just a haircut but a “mundan” that makes a “complete mockery” of the Insolvency and Bankruptcy Code, 2016.
On a post on X, Ramesh said, “”In finance terminology, when creditors are owed money and the debtor repays only part of it, the difference expressed as a percentage is called a haircut.”
“This is not just a haircut. It is actually a mundan and makes a completely mockery of the Insolvency and Bankruptcy Code, 2016
The remarks came after insolvency tribunal NCLT approved a repayment plan under which the media baron will pay just Rs 6.5 crore to settle admitted creditor claims of about Rs 22,006.57 crore in his personal insolvency resolution process, translating into a haircut of nearly 99.97 per cent for lenders.
