SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 29-APR-2025

NBFC: SETTLED DUES OF CERTAIN BORROWERS HAVING AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF MORE THAN RS.1 CRORE WITHOUT THE PRIOR APPROVAL OF ITS BOARD OF DIRECTORS

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	PHOENIX ARC PVT.LTD.		SETTLED DUES OF CERTAIN BORROWERS HAVING AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF MORE THAN RS.1 CRORE WITHOUT THE PRIOR APPROVAL OF ITS BOARD OF DIRECTORS	IMPOSED PENALTY RS.52,70,000 24-MAR-2025
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.