What is the minimum amount of loan outstanding of a

Solution

wilful defaulter"  means

1. i. a borrower or a guarantor who has committed wilful default and the outstanding amount is ₹25 lakh and above , or as may be notified by Reserve Bank of India from time to time, and

2. ii. where the borrower or a guarantor committing the wilful default is a company, its promoters and the director (s), subject to the provisions of para 4 (1) (c) of the RBI (T reatment of Wilful Defaulters and Large Defaulters) Directions, 2024 . In case of entity (other than companies), persons who are in charge and responsible for the management of the affairs of the entity.