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Legal

The wider implications of sending debtors to jail

Updated : February 22, 2019 05:56 PM IST

The idea that debtors unable to pay their debts must go to jail has grave wider implications.
Imprisonment for insolvency has been largely rejected in the developed world in the last 150 years.
The RCom-Ericsson case has strong parallels with the Sahara case in which the Supreme Court ordered the group refund Rs 25,000 crore illegally raised through one-time fully convertible debentures from nearly 3 crore investors.
The wider implications of sending debtors to jail
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