FICCI passes resolution against wilful default

New Delhi, March 28 (IANS) Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday held cases of wilful default should be dealt with in a firm manner as its national executive committee passed a resolution against it.

“The rules laid down for ‘wilful default’ should be strictly followed,” said FICCI president Harshavardhan Neotia in a statement, after passage if the resolution which calls for industry to join hands with banks for evolving workable solutions which are preventive in nature and remedial as well.

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