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National News

The Times of India

National / The Times of India

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Taxpayers' money at stake? SC flags bank-ARC-borrowers 'deep-rooted' nexus

A bench comprising Chief Justice Surya Kant and Justice V Mohana said its primary concern was the alleged misuse of public funds that could otherwise have been utilised for public welfare. The court issued notices to the Centre, the Reserve Bank of India (RBI) and other respondents on a plea alleging that loans worth Rs 1,537 crore owed to public sector banks were settled through two ARCs for just Rs 73.50 crore.

19 Jun 2026 7:21 pm