Asia · Markets & Finance · Moneycontrol

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

Published by Moneycontrol · India 8 h ago

The court observed, “There can be no doubt that an LOC is a coercive measure and cannot be resorted to as a matter of routine merely because the Petitioner is undergoing Trial.”…

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