RELATED TO BANKING-CC facility to firms.
This query is : Resolved
12 June 2011
1) IF a in a partnership firm, HUF is partner, can bank deny that firm for extending cash credit facility?
2) Are there any RBI guidelines for banks not to lend for HUF partnership firms?
2) Are there any RBI guidelines for banks not to lend for HUF partnership firms?
13 June 2011
Yes bank can deny credit facilities in cases where HUF is a partner. There is courts judgment on this.
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