“Why do the big corporations who owe 80% of NPAs go scot-free?,” M.K. Venu of the Wire asked at the public meeting titled ‘Crisis in the Banking Sector: Who Stole? Who Pays?’

Crisis in the Banking Sector: Who Stole? Who Pays?

Crisis in the Banking Sector: Who Stole? Who Pays?“Why do the big corporations who owe 80% of NPAs go scot-free? M.K. Veenu of the Wire asks.

Posted by Media Collective on Friday, February 23, 2018

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On May 21, 2018, the U.S. Supreme Court announced that it would hear the landmark lawsuit, filed by the villagers of Mundra, challenging the absolute immunity of powerful institutions like the International Finance Corporation (IFC). The villagers are affected by the coal-fired Tata Mundra Ultra Mega Project, which was partially funded by the IFC.

This will be the first time the US Supreme Court will address the scope of international organisations’ immunity.

Visit here to know more about the case or to access the documents.