On lending not treated as working capital for ECB borrowers; compliance with sectoral regulator guidelines required. For the purpose of External Commercial Borrowings, on lending by borrowers whose business is to on lend is not treated as working capital; such borrowers must comply with guidelines issued by the relevant sectoral or prudential regulator regarding on lending activity.
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.
On lending not treated as working capital for ECB borrowers; compliance with sectoral regulator guidelines required.
For the purpose of External Commercial Borrowings, on lending by borrowers whose business is to on lend is not treated as working capital; such borrowers must comply with guidelines issued by the relevant sectoral or prudential regulator regarding on lending activity.
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