Legal Question in Banking Law in India
whether Asset Reconstruction Companies in India can sell the underlying physical assets of a NPA Company whose loan liabilities have been acquired by them from the original lenders under Assignment earlier? or Will it be a violation of RBI guidelines and directives issued to them under 9.b. of the Master Circular?
Asked on 2/08/12, 5:49 am
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you yourself have given an answer to your query. it seems to be in direct violation of RBI guidelines.
Answered on 2/08/12, 5:53 am
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