Nbfc

SREENATH P. (Company secretary) (208 Points)

25 July 2017  

Dear Experts,

I have a query.

Mr. A have took loan from an NBFC and he was also invested in their debentures.Now Mr. A wants to give request to the Company by stating that insead of crediting interest on debentures in his bank account directly set off the same in his loan account.

Is it possible to execute Mr.A's request by the Company?

If its is NO, Please provide statutory backup also.

 

 

Thanks in advance.