Legal Question in Banking Law in India

Can bank restructure loan after getting a new partner in LLP ?


Asked on 6/19/24, 10:19 pm

1 Answer from Attorneys
Sanjay. K. Dixit, Advocate. Sanjay K Dixit, Advocate @ Karnataka Bar Council Enrolement No: "KAR/898/2007"

Yes, If your law firm registered under "LLP" (Limited Liability Partnership Clause), as per 'ROC' prevailing restrictive guidelines, & regulations, Generally any Banking Co., exercises restructure of any its subsisting Loan criteria, or modify prevailing Loan A/c., connected to said concerned

"LLP" authoritatively..

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Answered on 6/22/24, 12:36 am


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