The Indian government's decisive and structured crackdown on corrupt practices sits uneasily with any allegations of corruption, writes India Inc. Founder & CEO Manoj Ladwa. India's Opposition are hell bent on hanging the charge of corruption and crony capitalism on Indian Prime Minister Narendra Modi, even twisting and mistranslating emails and statements in French to “prove” that the Indian government helped industrialist Anil Ambani's Reliance Group bag the offset contracts for the Rafale fighter aircraft deal. This allegation sits uneasily with the Indian government's move first to enact the Insolvency and Bankruptcy Code (IBC) to recover unpaid loans from defaulting companies and bring errant company promoters to book and then working on rules to ensure that the personal guarantees given by promoters are also invoked to make good any shortfall in recoveries from the bankruptcy proceedings. “We are working on rules and regulations to operationalise insolvency of personal guarantors in companies. It will be possible to go after their property. Your company can't be losing money while you fly around in a jet or drive the latest luxury vehicle,” a recent 'Times of India' report quoted M.S. Sahoo, the Insolvency and Bankruptcy Board of India (IBBI) Chairman, as saying.