ECB Reschedulement: delegated to authorised banks for one-time pre maturity adjustment subject to cost and compliance conditions. Designated Authorised Dealer Category I banks may permit a one-time re-schedulement of ECB drawdown or repayment schedules before original maturity, for ECBs under both automatic and approval routes but excluding FCCBs, provided there is no increase in interest rate or additional cost, any all-in-cost change only reflects average maturity alteration and complies with guidelines, borrower eligibility and lender prudential norms are met, borrowers are not on default/caution lists or under enforcement investigation, and revised details are reported on the prescribed form.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
ECB Reschedulement: delegated to authorised banks for one-time pre maturity adjustment subject to cost and compliance conditions.
Designated Authorised Dealer Category I banks may permit a one-time re-schedulement of ECB drawdown or repayment schedules before original maturity, for ECBs under both automatic and approval routes but excluding FCCBs, provided there is no increase in interest rate or additional cost, any all-in-cost change only reflects average maturity alteration and complies with guidelines, borrower eligibility and lender prudential norms are met, borrowers are not on default/caution lists or under enforcement investigation, and revised details are reported on the prescribed form.
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