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PRO Knits by purvapacherwal4 is a document available to read on EtoBox.
The Supreme Court of India addressed multiple civil appeals concerning the classification of Micro, Small and Medium Enterprises (MSMEs) loan accounts as non-performing assets (NPAs) under the SARFAESI Act. The court clarified that banks must adhere to the MSME Revival and Rehabilitation Framework Instructions before classifying accounts as NPAs, and that MSMEs must proactively inform banks of their status to benefit from these provisions. The judgment emphasized the binding nature of Reserve Bank of India
- Author
- purvapacherwal4
- Language
- EN