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2022 Supreme Court NPL verdict coming back to haunt the Judiciary and Financial Institutions
- The Bhutanese
- Story by Tenzin Lamsang, Published on September 30, 2023
On 13 July 2022 the Supreme Court upheld a High Court judgment on the RICBL Vs Ugyen Wangchuk Non Performing Loan (NPL) recovery case which said that a Nu. 102.39 mn loan owed by contractor Ugyen Wangchuk is to be divided equally between Ugyen Wangchuk, RICBL and the relevant RICBL employees at Nu 34.13 mn each.
Read More in the The Bhutanese Website
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