Lashing out at large borrowers whom he blamed for the sanctity of the debt contract having been continuously eroded in India, Reserve Bank of India (RBI) governor Raghuram Rajan said on Tuesday too many of them “insist on their divine right to stay in control despite their unwillingness to put in new money”.
Too many of them, the governor said, perceived a lender to be not holding a senior debt claim that overrode all others when they were in trouble but a claim that was junior to their equity.

Source - http://www.financialexpress.com