Do you know the meaning of ‘Non-Cooperative Borrowers’?

The definition of Non-Cooperative Borrowers is originally defined in RBI circular dated 26.02.2014 on ‘Frame work for Revitalizing Distressed Assets in the Economy-Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP). The definition of a Non-Cooperative Borrower as contained therein is now modified by RBI which reads as under: “A non-cooperative borrower is…