In one time settlement, some portion of loan is forgone
Ref: Disclosure of the details of top 100 defaulters of the Bank
Comment: IC has erred, since in one time settlement bank forgo some portion of loan by using public money. Hence citizens have right to know details thereof. CIC has in many decisions ordered disclosure by bank details of account where subsidy or subvention is involved with public money.
In order No. CIC/SM/A/2011/000616 dated 28-02-12 CIC had ordered disclosure of NPA account settlement.
There is huge corruption and malpractices going on on such settlements of NPA accounts.
J P Shah