Banks Entitled To Recover Post-NPA Interest Maintained In Suspense Account: Supreme Court

The Supreme Court has held that banks are entitled to recover interest maintained in a separate suspense account post the classification of a loan account as a Non-Performing Asset (NPA), in addition to the outstanding principal loan amount. A Bench comprising Justice Sanjay Kumar and Justice Sanjeev Sachdeva set aside an Orissa High Court order

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