Challenge Misclassification of NPA: Legal Remedies for Borrowers in India
Wrongful or premature classification of a loan account as a Non-Performing Asset (NPA) can have serious consequences for borrowers—affecting their creditworthiness, triggering coercive recovery actions, and risking possession of their assets. However, Indian law offers borrowers effective legal remedies to challenge such misclassifications. What is NPA as per RBI Guidelines? According to the Reserve Bank […]
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