Letters to BS on lenders asking Lakshmi Mittal to repay KSS Petron's debt

This is with reference to “Lenders ask Lakshmi Mittal (pictured) to repay KSS Petron’s debt worth Rs 13.4 bn” (February 7).  The purely ‘technical’ concept of treating a company as a separate legal entity and not touching the promoters and guarantors of loans is at the root of the NPAs problem. Going strictly by the legality of the case, the lenders may not be able to recover the amount from Mr Mittal; but it is time we get down the underlying spirit of the law. This action would also send a strong message to the hundreds of unscrupulous people who