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306 Big Wilful Defaulters, with an Outstanding of Rs100 Crore and above Owe Nearly Rs1 40 Lakh Crore to Banks

As many as 369 big defaulters, with an outstanding of Rs100 crore and more, owe more than Rs1.39 lakh crore to scheduled commercial banks and all India financial institutes (AIFI). Gitanjali Gems Ltd, owned by fugitive businessman Mehul Choksi, remains the top wilful defaulter with an outstanding of Rs8,065 crore as of 31 March 2023, reveals a reply received under the Right to Information (RTI) Act.

From Mehul Choksi s Gitanjali Gems to ABG Shipyard, top-50 defaulters owe over ₹87,000 crore to lenders

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