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Loan default: New licensee cannot be selected suo moto
Apr 03:
In case of a loan default, a lender cannot get the license of the defaulter transferred to another entity suo moto
8This will have to be done with adequate due diligence on the entity to whom the license is being transferred and its ability to perform.
8And permissions have to be necessarily taken from statutory authorities before such a transfer can be undertaken
Click on Reports for more
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8This will have to be done with adequate due diligence on the entity to whom the license is being transferred and its ability to perform.
8And permissions have to be necessarily taken from statutory authorities before such a transfer can be undertaken
Click on Reports for more
