AISBOPEF Circular No. 13/2014

        Debar Bank Loan Defaulters from contesting in elections

Units are aware that AIBEA has been championing the struggle against alarming increase in bad loans, particularly by the wilful defaulters and against the nexus that is responsible for these delibately created bad loans.  Besides various demands of AIBEA on this issue, we have been demanding that Bank loan defaulters should not be allowed to contest in elections and should be debarred from holding public offices.

Accordingly, AIBEA has written a letter to Chief Election Commissioner that the nominations of candidates who are loan defaulters in Banks should be rejected and the rules regarding disqualification as provided in the Constitution and Representation of People Act, 1951 should be suitably amended for this purpose.

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