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Cgtmse

Guest (Querist) 27 November 2015 This query is : Resolved 
Dear All:

Can someone please explain to me how CGTMSE scheme can help a defaulting borrower firm in Court?

OR,

How can a defendant demolish the case of the plaintiff bank with the help of CGTMSE?
SAINATH DEVALLA (Expert) 28 November 2015
Are U the defaulter or acting on behalf of the defaulter?

Have U ever gone through the full form of CGTMSE?
Rajendra K Goyal (Expert) 28 November 2015
Scheme helps / compensate Banks in case its amount is not recovered, helping borrower in recovery procedure in court is doubtful.
Dr J C Vashista (Expert) 29 November 2015
Give full form of CGTMSE and not abbreviated.
SAINATH DEVALLA (Expert) 29 November 2015
Sir, I knew the full form of CGTMSE Scheme( CREDIT GURANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES). It is an unsecured loan recomended by the trust to any of the nationalised banks. Though an unsecured loan,it becomes NPA on default of repayment.A case is aloso filed in DRT.

Here the querist is finding a way to demolish the case filed by the plaintiff, and find an escape route from the forum.
K.S.Srinivas (Expert) 06 December 2015
Consult a lawyer in your local area.


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