Delhi HC restrains banks from taking any coercive action against a corporate entity for default in payment for Factoring Facility HELD While prima facie observing that Factoring Facility offered by banks was at par with loans and advances and would thus be covered by the RBI Circulars for benefit of borrowers during COVID-19, the Delhi High Court has restrained banks from taking any coercive action against a corporate entity for default in payment for the bank’s Factoring Facility

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