FD investors should get priority for getting funds after liquidation

0 have signed. Let’s get to 500!


Sir,

 


This is pertinent and relevant today, as many bank scams, banks. Collision with industrialists are coming to surface.

 


Why  should  the Banks which is supposed to lend money and keep a close follow up on its loans, be allowed to get the first share in case of liquidation, when we all are getting to know they are hand in glove with the industrialist??they are supposed to constantly monitor their loans, but they hide facts for obvious reasons.

 

 

 

See the case of SRS. Limited, where it is evident?

 


Can the government not bring in a legislation to say small, retired, common mans investments must be protected first as he has invested his life time savings based on the company declaration of their performance. Unlike banks , common man has no avenue to get the truth about the company performance.