NPAs: Supreme Court to examine disclosure of names

The central government on Tuesday told the Supreme Court (SC) that an expert committee it had appointed on non-performing assets (NPAs) will submit its report by this month-end and the court must hold its hand till then for further examination of the problem, which plagues the banking sector. The  SC, however, stated it would take up the question of disclosure of the names of the defaulters on Friday. The Centre for Public Interest Litigation has moved the court for the disclosure. Its counsel Prashant Bhushan told the Bench, headed by Chief Justice T S Thakur, that the expert committee report would not be reliable, as its  five members are the very people involved in reckless lending.

The actual NPAs are to the tune of  Rs 3 lakh crore and those which were restructured and given more time to repay is not less than Rs 10 lakh crore, counsel said.