Legal Question in Banking Law in India
Have any DRT cases been ruled in favour of the customer where a bank has failed to keep its commitments of providing enhanced limits to a company for its expansion thereby causing the company to incur huge losses
Asked on 7/10/11, 12:16 am
2 Answers from Attorneys
Pravin Vaidya
Independent
sanction/release a loan or credit facility is always a prerogative of the Banks/FIs and is always subject to fulfilment of terms & conditions stipulated by the lenders
Answered on 7/13/11, 6:39 am
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