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Mohan Chandra Pandey (Buiness)     18 September 2017

Business loan covered under cgtmse, right of business?


What are the Right of Business against Banking Institutions who are in process to Lock down Business due to NPA for more than 15 Months. The Loan Covered under CGTMSE and the Insurance Amount timely paid by the Business.

1- Is there any option for the Business to Save the Unit for Lock down.

2- If Bank has to right Lock down the Unit and Sale it on Auction, than What is the role of CSTMSE Scheme? 

Please help me.

Mohan Chandra Pandey

 1 Replies

Isaac Gabriel (Advocate)     14 October 2018

discuss with bank officials since they too suffer if the business is abrubtly closed resulting increase in NPA.

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