Banking Regulation Act,1949 - a quick summary

CA Chiranjiv Kumar , Last updated: 04 November 2013  
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I want to know about collateral held by the banks. What if a borrower fails to repay loan and his collateral seized? Disposal of asset within 7 years or (12 years if extended by RBI) by the bank. What if banking company want to use that asset for business use? Yes, it is allowed

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CA Chiranjiv Kumar
(www.chiranjivkumar.com)
Category Corporate Law   Report

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