External Commercial Borrowings policy revisions restrict automatic access for investigated corporates and expand Approval route eligibility for certain developers. The circular revises the ECB framework by modifying eligibility and procedural routes: extending Approval route access for integrated township developers; removing a lender direct lending ratio condition for NBFCs financing infrastructure while retaining Approval route scrutiny; allowing SEZ developers to obtain ECB for infrastructure within SEZs but excluding township and commercial real estate; and requiring corporates under ECB policy investigation to seek ECB only under the Approval route. All other ECB parameters and reporting obligations remain unchanged.
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.
External Commercial Borrowings policy revisions restrict automatic access for investigated corporates and expand Approval route eligibility for certain developers.
The circular revises the ECB framework by modifying eligibility and procedural routes: extending Approval route access for integrated township developers; removing a lender direct lending ratio condition for NBFCs financing infrastructure while retaining Approval route scrutiny; allowing SEZ developers to obtain ECB for infrastructure within SEZs but excluding township and commercial real estate; and requiring corporates under ECB policy investigation to seek ECB only under the Approval route. All other ECB parameters and reporting obligations remain unchanged.
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