05 July 2017
If an account haß become NPA because of non submission of stock statement, then how can we uprade that account.... Suppose an account has been classified as NPA as on 31st, Mar2017 because of non submission for 6 months..... However if the borrower start submitting stock statements from may, then then account can be treated as Standard or not??? What is the criteria for upgrading that account?? Please provide suitable reference supporting your answer....
CAclubindia
