Question
What is the new monetary limit for filing loan recovery
application in the Debt Recovery Tribunals (DRT) by banks and financial institutions?Solution
The government of India has doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. As per the Finance Ministry, the move is aimed at helping reduce pendency of cases in DRTs.
Amendment of pleading can be permitted_____.
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According to Sale of Goods Act, 1930 “goods”
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