It's a near certainty with the island likely to record its first default on August 1st (the commonwealth failed to make the necessary deposit to cover
debt of its Public Finance Corporation
due August 1st), and with the governor's Economic
Recovery Working Group expected to make reform recommendations by August 30th.
or allow to Run Compensation Suit Simultaneously with suits file by Bank Officials under ARTHA RIN ACT with equal opportunity and equal right so as to restore total accountability, which will be similar to DRT (
Debt Recovery Tribunal
of INDIA)(B)- Considering the Heavy loss and Damages
of Government Registered and Identified SICK INDUSTRIES
of 1992 & 1996
of Private Sector
due to Negligence, Violation
of Contract & Non-Banking Activities etc.
of Bank Officials and Policy Maker & need 100 % Weaver
of all type
of Bank loan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT (C)- The system
of keeping mortgage
of Land & Properties from the Owner
of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part
of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels (D)-- All suits
of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 (khan) 18 (2) & (3) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50
of ARTHA RIN ACT -2003 for the end
of Justice.