The Pile of bad loans, or stressed assets in India is close to 10 Lakh Crore which

is more than the GDP of at least 137 countries and what’s more, it’s growing!
In India , the banks only recover 25 cents to a dollar , compared to 36 cents in
China and 80 cents in US , also India takes almost four years to declare
promoter of a company insolvent which is twice the time taken in US and
China.
Participants are required to draft a bill to tackle this grave situation of bad
loans in India and possible measures by which we can recover maximum
money.