Last week, we have defined the norms for classifying the borrowers as noncooperative where there is a deliberate attempt to delay and inhibit the process of recovery after the due process has been followed.
A non-cooperative borrower is one who does not engage constructively with his lender, by defaulting in timely repayment of dues while having ability to pay, thwarting lenders’ efforts for recovery of their dues, not providing necessary information sought, denying access to assets financed / collateral securities, obstructing sale of securities, etc.