Legal Question in Banking Law in India
On enhancement in bank credit limit is it possible to continue with a security (mortgage) without executing extension documents by the owners of the property.
Asked on 7/15/13, 10:11 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
15.07.2013
Dear Sir / Madam,
No. Enhancement in bank credit limit will require fresh approval and authorization.
Regards,
Answered on 7/15/13, 11:07 am
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