Upgrad LLM

query on securitisation


Dear Lawyers,

Our client company is having office in Delhi. They seeks a loan from SBI. The loan facility agreement have one clause "if the borrower makes any deafault in payment of Loan then, bank shall have right to securitise the assets of company"

My query is that what will be the implication of this clause??

whether this is beneficial or non beneficial from point of view of borrower?

Pls reply.

 
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