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In case an NBFC defaults in repayment of deposit what course of action can be taken by depositors?

April 26, 2017Action Case course defaults deposit depositors nbfc repayment

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In case an NBFC defaults in repayment of deposit what course of action can be taken by depositors?

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If an NBFC defaults in repayment of deposit, the depositor can approach Company Law Board or Consumer Forum or file a civil suit in a court of law to recover the deposits.