'All wilful defaulters to be brought to justice'

'All wilful defaulters to be brought to justice'

'All wilful defaulters to be brought to justice'

Amid a raging row over loan defaults by Vijay Mallya, the government today said “full force of the law” is being applied to bring all wilful loan defaulters to justice.

Minister of State for Finance Jayant Sinha said wilful defaulters and the corporates that are unable to repay loans as their business being hit due to global slowdown should not be commingled.

“We have some people that are wilful defaulters, that have genuinely engaged in illegal activity. As far as those are concerned, the full force of the law is being applied. All investigative agencies are working in that regard to ensure that they have to be brought to justice,” he said.

He, however, did not make any direct reference to Mallya who had left India days before the SC heard a plea from state-owned banks seeking recovery of over Rs 9,000 crore from his group companies.

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