STRESS, SUCCESS AND EVERYTHING IN-BETWEEN
The Highs and Lows of A Woman’s Journey in the Corporate World
CARE: This is Chapter 78 of my book Stress, Success and Everything In-Between. These are individual anecdotes but to understand the professional journey in totality, I would recommend reading the book right from Chapter 01 onwards.
M/s Baddi Chemicals (not the real name), a non-performing asset parked at the branch, owed the bank a large sum. The factory, a skeletal monument of their failed ambition and past indiscretions, lay idle, mocking our attempts to recover the bad debt they had become. We at the bank were relentless in our pursuit of recovery. But the owners, the masters of evasion, remained elusive, leaving behind a trail of broken promises. After months of relentless follow-up, we succeeded in contacting the owner. He allowed us to inspect the unit. He also grudgingly agreed to meet us there.
I,
along with the concerned officers, reached the defaulter unit at the mutually
agreed time. The factory, located in a desolate area about fifty kilometres
from the city, seemed to exude an air of defiance. First, the gatekeeper, a
harbinger of their contempt, stopped our entry into the unit. The promised
meeting with the owner was aborted as he did not turn up, a petty act of
defiance. Instead, he sent a representative with a condescending attitude, who
arrived an hour late.
Reeking
of indifference, he led us through the decaying industrial shed until we
reached a precipice – a gaping well. Out of my curiosity to know what it was, I
climbed a dozen steps. But my accompanying officers discreetly preferred to
stay away. The well was without any railings, its depths shrouded in an ominous
mist. The factory representative urged me to have a closer look at it, his eyes
gleaming with cold intensity.
The
air, thick with the acrid stench of acid, burned my nostrils. I recoiled as the
fumes emanating from the well assaulted my senses. But the fellow insisted on
explaining the process, oblivious to my distress. His voice was like a silken
caress that masked a disturbing ruthlessness. I noticed the flicker of malice
in his eyes, a chilling reflection of the fate that awaited those who dared to
irritate them.
As we
drove back from the factory, my eyes stinging, my companions whispered tales of
the sinister usage of the well. It was the final resting place for the
dissenters, a frightening testament to the brutality of promoters. They shared
that even the human bones will dissolve in it within less than a week.
Fear,
cold and insidious, gripped my heart. But it was not fear that fuelled my
resolve. It was a burning rage, a vow to ensure that one day, the bank would
reclaim every penny from this rogue defaulter.
When
the SARFAESI Act came into force, M/s Baddi Chemicals, the embodiment of greed
and cruelty, was the first to fall, a poignant reminder that justice, however
delayed, would ultimately prevail.
And finally the day, the sale proceeds of M/s Baddi Chemicals were credited to the
account, the burning of my eyes and nostrils subsided!
(To continue....)
*****
3 comments:
The murky borrower and a resolute banker. Your angst is well understood. How dare this recalcitrant rascal flex his muscle!!
Varsha Uke Nagpal
Wonder what compelled the author to inspect the well closely!
No recovery could at all could have been effected out of the well!
Bal Gupta
Ma’am, your gripping narrative showcases the ability to adapt to challenging life experiences, courage, and determination in such challenging recovery cases.
The vivid depiction of the strange and frightening factory, the acid well, and the defiance of the defaulters paints a chilling picture of the obstacles faced. Your perseverance against intimidation and sinister threats highlights not just professional commitment but also moral courage.
The triumph, symbolised by the eventual recovery under the SARFAESI Act, is both satisfying and symbolic of justice served. A compelling read that underscores the strength and fortitude required in the banking sector.
Gulshan Kumar Dhingra
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