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Ref.No.RFC/23FR/HO/Policy-28/610����������� ������� Dated: 27.04.2006

CIRCULAR

(FR-383)

Attention is invited to FR Circular No. 381 dated 10.04.06. It was made incumbent that in the following cases legal action followed by action U/s 29 of SFCs Act should immediately be taken if there is default of� more than two consecutive instalments of principal or interest:

  1. Commercial complexes
  2. Cases sanctioned under Assets Financing Scheme
  3. The sanctions made from 1st April, 2000 and onwards
  4. Deferred Sale cases
  5. Rescheduled cases
  6. Hotel and restaurants
  7. Hospitals and nursing homes
  8. TUF Scheme

All concerned� are, therefore, enjoined upon to send information in the cases, as above,� in the formats enclosed at Annexure-�A� and Annexure �B� respectively, where there is two or more consecutive defaults. If inspite of default, no action for possession has been taken, reasons thereof� should be mentioned clearly. The information desired should reach the undersigned� latest by 10th May, 2006.

ANNEXURE � �B�

RAJASTHAN FINANCIAL CORPORATION

BRANCH OFFICE_____________

List of cases where there is default of more than two consecutive instalments of principal / interest as on 31.3.2006

S.No.

Name of unit

Nature of case*

Outstanding as on 31.03.06

Overdues as on 31.03.06

No. of defaults committed by unit upto 31.3.06

Legal action taken

If legal action not initiated, reasons thereof.

Prin.

Intt.

O.M.

Total

Prin.

Intt.

O.M.

Total

Prin.

Intt.

Total

�����������
a) Commercial Complexes
b) Cases sanctioned under Assets Financing Scheme
c) The sanctions made from 1st April, 2000 and onwards
d) Deferred Sale Cases
e) Rescheduled Cases
f) Hotel and restaurants
g) Hospitals and nursing homes
h) TUF Scheme.

ANNEXURE � �A�
RAJASTHAN FINANCIAL CORPORATION
BRANCH OFFICE_____________

List of cases where there is default of more than� two consecutive instalments of principal / interest as on 31.12.2005

S.No.

Name of the Unit

Nature of case*

Outstanding as on 31.12.05

Overdues as on 31.12.05

No. of defaults committed by unit upto 31.12.05

Whether possession of the unit was taken upto 31.3.06

If No, what were the reasons for not taking possession

Remarks

Prin.

Intt.

O.M.

Total

Prin.

Intt.

O.M.

Total

Prin.

Intt.

Total

Yes

No

a) Commercial Complexes
b) Cases sanctioned under Assets Financing Scheme
c) The sanctions made from 1st April, 2000 and onwards
d) Deferred Sale Cases
e) Rescheduled Cases
f) Hotel and restaurants
g) Hospitals and nursing homes
h) TUF Scheme.

 

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