The Gujarat High Court asked the Reserve Bank of India to verify a claim made in a PIL that 50 companies in the country have defaulted on repayment of Rs 36,000 crore of loans, and obtain information about action taken by the concerned public sector banks. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi was hearing the PIL filed by Ashok Jagota which names the alleged defaulter firms. Jagota has relied on details provided by All India Bank Employees Union. RBI and Enforcement Directorate should take action against the defaulters and the concerned public sector banks, says the petition.
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