shyammhrc
*Very interesting and challenging query*
If a commercial real estate project not achieved COD (commercial operation date) and as per RBI master circular dated 1st July 15, took extension of COD for next 9 months (though as per rbi one year extension is allowed). Then please clear
1. On non achievement of revised cod whether account will be NPA or not ? If yes please share circular or guidelines for that. Because no where it is mentioned that account will be NPA on non achievement of COD.
2. When account will be classified as NPA after 9 months (as sanctioned by bank) or after 1 year as per rbi guidelines.

From India, Ajmer
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.