Central\ registry o f securitization assets reconstruction a

hetalsangoi (Querist) 14 June 2014 This query is : Resolved
" All the expensesre regarding creation of EM c harges over collateral securities and charges relating to the noting of EM charge with CERSAI(Central\ Registry o f Securitization assets Reconstruction and Security lnterest of india ) shall b e borne by the cutomer " why this clause is add by the bankers in renewal of the cc? when bankers credit dept includes the para in terms and condition of occ facility? pl guide me

My brother bankers are added new clause in sanction letter . we want to understand its depth importance fro the legal terms

Follow Query

Report Abuse

Devajyoti Barman (Expert) 14 June 2014
academic query............

Raj Kumar Makkad (Expert) 14 June 2014
It is the banker whose terms shall prevail and it is your wish either to accept the term or nor. Bank cannot force you to avail its service you desire.

Dr J C Vashista (Expert) 15 June 2014
Undoubtedly it is an academic and debatable query .
However, I fully agree with Sh. Raj Kumar Makkad's expert advise.

Rajendra K Goyal (Expert) 15 June 2014
Every renewal / sanction of cash credit limit is through fresh processing and any expenses for processing including charge on collateral are to be born by borrower.