https://www.taxtmi.com/article/detailed?id=13855 Banks must follow the Framework for Revival and Rehabilitation of MSMEs, including SMA subcategories and committee-based corrective planning, before classifying an MSME loan as an NPA. MSMEs must furnish authenticated, verifiable documents proving registration and eligibility; banks must have such material on record prior to NPA classification. Directions under the MSME Act and Banking Regulation Act are binding and mandatory, and non-observance impacts the procedural validity of subsequent enforcement under SARFAESI. en-us Thu, 20 Mar 2025 08:22:14 +0530 Thu, 20 Mar 2025 08:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13855 Banks must follow the Framework for Revival and Rehabilitation of MSMEs, including SMA subcategories and committee-based corrective planning, before classifying an MSME loan as an NPA. MSMEs must furnish authenticated, verifiable documents proving registration and eligibility; banks must have such material on record prior to NPA classification. Directions under the MSME Act and Banking Regulation Act are binding and mandatory, and non-observance impacts the procedural validity of subsequent enforcement under SARFAESI. Articles Other Topics Thu, 20 Mar 2025 08:22:14 +0530 https://www.taxtmi.com/article/detailed?id=13855