A sharp rap on the knuckles
On September 7, Justice R. Jayasimha Babu of the Madras High Court dictated a pathbreaking judgment with regard to MCC Finance Ltd (an M.A. Chidambaram group company. It should give sleepless nights to financial regulators and the corporate sector.
Take those carrots away
If the ship called the Indian economy were to ever sink, it is likely to be on account of the presence of a huge amount of bad loans in the financial system.
It's a sad, sad story
It is a view being expressed by his partymen, if media reports are to be believed. But then they have a vested interest in rescuing the image of Narasimha Rao, and therefore of the government he led.