Special provision regarding interest on bad and doubtful debt of specified financial institution

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....count remains out of order in respect of an overdraft or cash credit; or (iii) the bill remains overdue for a period of more than one hundred and eighty days in the case of bills purchased and discounted; or (iv) the instalment of principal or interest thereon remains overdue for two crop seasons for short duration crops; or (v) the instalment of principal or interest thereon remains overdue for one crop season for long duration crops; or (vi) the amount of liquidity facility remains outstanding for more than one hundred and eighty days for a securitisation transaction undertaken in terms of the Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021; or (vii) in respect of der....

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....ng asset of the nature specified in sub-clause (ii) for a period exceeding two years; (ii) non-performing asset referred to in sub-clause (i) shall be the following:-- (A) an asset, in respect of which, interest has remained overdue for a period of more than one hundred and eighty days; (B) a term loan (other than the one granted to an agriculturist or to a person whose income is dependent on the harvest of crops) inclusive of unpaid interest, when the instalment is overdue for a period of more than one hundred and eighty days or more or on which interest amount remained overdue for a period of more than one hundred and eighty days; (C) a demand or call loan, which remained overdue for a period of more th....

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.... borrower or beneficiary when any of the above credit facilities becomes nonperforming asset; and (b) loss asset, that is, an asset which has been identified as loss asset and considered as uncollectible but has not been written off by the assessee. (3) For the purposes of this rule-- (a) an overdraft or cash credit account shall be treated as "out of order" if-- (i) the outstanding balance in the overdraft or cash credit account remains continuously in excess of the sanctioned limit or drawing power for one hundred and eighty days; or (ii) the outstanding balance in the overdraft or cash credit account is less than the sanctioned limit or drawing power but there are no credits continuously for one hun....