https://www.taxtmi.com/forum/issue?id=108415 When a borrower issues a timely instruction but the bank fails to execute a funds transfer due to technical reasons and the lender receives credit the next day, the delay is attributable to the bank and not the borrower; such bank-caused procedural delays should not be characterised as a default in repayment for compliance reporting if the borrower can show timely instruction and lack of causation. en-us Tue, 14 Apr 2015 09:21:38 +0530 Thu, 23 Jan 2025 15:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108415 When a borrower issues a timely instruction but the bank fails to execute a funds transfer due to technical reasons and the lender receives credit the next day, the delay is attributable to the bank and not the borrower; such bank-caused procedural delays should not be characterised as a default in repayment for compliance reporting if the borrower can show timely instruction and lack of causation. Discussion-Forum Companies Law Tue, 14 Apr 2015 09:21:38 +0530 https://www.taxtmi.com/forum/issue?id=108415