WHO WILL BE RESPONSIBLE FOR MAKING LOSS OF PMAY SUBSIDY DUE TO 1 YEAR LATE OF SUBMISSION OF DOCUMENTS TO CENTRAL NODAL AGENCY
Sep 28, 2022
By: sranjanpal58
1 Answers
AS PER MINISTRY OF FINANCE PMAY SUBSIDY DEPENDS ON DILIGENCE OF LENDING INSTITUTION. IN MY CASE ICICI BANK NEGLECTED DUE DILIGENCE AND WERE GROSS NEGLIGENT IN SUBMITTING DOCUMENTS AFTER 4 MONTHS OF CLOSING DATE. IT VIOLATES BREACH OF TRUST ACT 1882, RBI ACT 1934 SECTION 30, 30A , 32& 33 & NHB ACT 1987 SECTION 182 OF INDIAN CONTRACT ACT 1872.