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Can a bank keep an LOC indefinitely over fears of borrower fleeing India? Delhi HC says it cannot be justified 'in perpetuity'

2 reports from 2 outlets in 1 language · first reported · updated · JSON

Economy & businessDelhi High CourtDelhi

Reports

  1. Can a bank keep an LOC indefinitely over fears of borrower fleeing India? Delhi HC says it cannot be justified 'in perpetuity'moneycontrol.com · en ·
  2. Bank's Fear That Borrower May Flee Country Can't Alone Justify LOC In Perpetuity: Delhi High Courtlivelaw.in · en ·

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