Use of ECB proceeds for overseas investment permitted under overseas investment guidelines for eligible resident borrowers. Use of External Commercial Borrowings by eligible resident borrowers is permissible for investment into their overseas joint ventures or wholly owned subsidiaries where such application is allowed under the prevailing overseas investment guidelines.
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.
Use of ECB proceeds for overseas investment permitted under overseas investment guidelines for eligible resident borrowers.
Use of External Commercial Borrowings by eligible resident borrowers is permissible for investment into their overseas joint ventures or wholly owned subsidiaries where such application is allowed under the prevailing overseas investment guidelines.
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