Classification of Secured and Un secured
This query is : Resolved
Shankar T S
(Querist)
04 October 2021
Our Company Sells to NDFC companies . This Sale is not backed by any Bank guarantee of Hypothecation agreement. In such a case for classification whether this can be considered Secured . As RBI has said they will support the NBFC to protect from liquidation. Further will the position become different if we take a hypothecation agreement from the NBFC based on which we classify as secured
CA R SEETHARAMAN
(Expert)
04 October 2021
It will be unsecured in case of no hypothecation.
It will be secured in case of hypothecation.
It will be secured in case of hypothecation.
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