Law can't be 'blind', shouldn't treat every default as NPA on 90th day: Piyush Goyal to RBI
He cited the case of a power producer to which a distribution company owed money, stating that just because the discom did not pay up, the power producer does not become a defaulter.
Piyush Goyal said that if a borrower does not get its dues from entities like discoms, it should not lead banks to classify that borrower automatically as defaulter, Image source: IANS