ECB modification powers: AD Category I banks may approve schedule, amount and cost changes, subject to ceilings and reporting. Authorised dealer Category I banks may permit modifications to ECB terms-changes in draw down and repayment schedules, reductions in amount, and increases in all in cost-provided revised average maturity and/or all in cost conform to applicable ceilings and guidelines and changes occur during the ECB tenure; lender changes and transfers on corporate reorganisations are allowed after ensuring borrower eligibility and continued compliance.
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 modification powers: AD Category I banks may approve schedule, amount and cost changes, subject to ceilings and reporting.
Authorised dealer Category I banks may permit modifications to ECB terms-changes in draw down and repayment schedules, reductions in amount, and increases in all in cost-provided revised average maturity and/or all in cost conform to applicable ceilings and guidelines and changes occur during the ECB tenure; lender changes and transfers on corporate reorganisations are allowed after ensuring borrower eligibility and continued compliance.
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