Today we bring to you one of the big shark of directors duping banks of Crores while engaging in legal battles with fellow businessmen, all accusing them of allegedly failing to make their payments. This is a story which shows how the smaller amounts end up becoming bad loans worth Crores, how one wrong move can set the honest businessmen into a downward spiral of petty pending payments and massive bank loans. Whether it’s 53 crores owed to the banks or 3 Lakhs owed to a fellow businessmen, bad business decisions end up hurting everyone involved in the process from what we found, it’s possible that the company in question here was itself in so much financial trouble that it had to request for a dormant status until it felt fit to actively operate once again. What can we then do to ensure that honest businesses thrive?
