A few days ago, a prominent businessman who sits on many company boards and is known to call a spade a spade, received a shocking letter from his lenders. He’d been termed a wilful defaulter as the promoter of one of the companies he’s on the board of had been given that appellation. The businessman quickly approached the lenders and enquired about this new title given to him for no fault of his own. He told the lenders that the loans given to the company despite a high leverage ratio called for a Central Bureau of Investigation probe. The lenders unaccountably went silent after that.