Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday held cases of wilful default should be dealt with in a firm manner as its national executive committee passed a resolution against it.
"The rules laid down for 'wilful default' should be strictly followed," said FICCI president Harshavardhan Neotia in a statement, after passage if the resolution which calls for industry to join hands with banks for evolving workable solutions which are preventive in nature and remedial as well.