Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
SC asks banks not to declare Amrapali flat buyers' acs as NPA
In a relief to over thousands of home buyers of Amrapali Group of Companies who have booked their flats under the subvention scheme, the Supreme Court has directed the banks that their accounts shall not be treated as Non-Performing Assets (NPA) accounts and no penalties shall be charged from them for default of EMI payment The top court said that the banks will be liable for the principal amount and the interest over it.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.