Kerala HC allows bank to return FDs in EMIs

Debtors moving the court for an equated monthly instalment (EMI) option to pay off loans declared as nonperforming assets is common. But now, a bank has sought EMI facility to return fixed deposits, and the Kerala high court has allowed it.

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Sep 25, 2020 - 19:51
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Kerala HC allows bank to return FDs in EMIs
Debtors moving the court for an equated monthly instalment (EMI) option to pay off loans declared as nonperforming assets is common. But now, a bank has sought EMI facility to return fixed deposits, and the Kerala high court has allowed it.