SR Foils and Tissue Ltd India’s largest manufacturers of aluminium foil defaulted on multiple loans

Today is day 61 of the Newsx 100 day NPA campaign. Today we bring to you case file 35, another eye opening case. This is a case of one of India’s largest manufacturers of aluminium foil allegedly defaulted on multiple loans after a long run of remaining at the top for year. This story of what happens when once strong firms go sour businesses go bad that's the nature of the free market.The question is do banks just go by the past reputation of the company or its current health or business environment before good money turns bad.