Shimla, Nov. 25 -- At a time when the union Government is championing MSMEs as the backbone of India's growth story and the Himachal Pradesh government is working aggressively to revive the tourism industry battered by disasters and economic shocks, a troubling contradiction is playing out on the ground.
Viable, operational MSMEs in Himachal, not sick units or defaulters, are increasingly finding themselves pushed to the brink through harsh and premature recovery actions that appear to sidestep the very safeguards meant to protect them.
The most glaring recent example is the case of Hotel Royale Retreat in Shimla, a functioning hospitality establishment whose treatment by Punjab National Bank has triggered a formal complaint seeking CBI i...