governed by the Regulations of the National Housing Bank (in short NHB), formed under the control and guidance of the RBI. The said NHB ... issued a Circular, dated 19.10.2011, in NHB (ND)/DRS/Pol-No.43/2011-12/October 19, 2011, on the subject "Pre-payment Penalty
farmers and had
approached the opponent bank for loan under the NHB (National
Horticulture Board) Scheme of the Central Government. Accordingly the
opponent bank vide ... seeking directions to the
opponent bank to sanction loan as per the NHB scheme and also to
sanction subsidy. In addition, it was also sought
Welfare implemented financial assistance scheme through National Horticulture Board "NHB" namely "Scheme II - Capital Investment Subsidy Scheme for construction/ expansion/ modernization ... said Scheme was credit linked back ended Subsidy Scheme of NHB and in order to be eligible for the Scheme the person must avail
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guiding circular/law /policy of the
National House Board Circular No.NHB (ND) DRS/Misc. Circular
No.17/2015-16 dated 22nd July, 2016 annexure ... Annexure R1 and
Second Circular NHB (ND)/DRS/Policy Circular 66/2014-15 dated 3rd
September, 2014, annexed as Annexure
District Commission
held that the loan fell within the scope of RBI/NHB instructions which
prohibit levy of foreclosure charges on floating-rate term loans ... Commission was right in treating the loan as
falling within the RBI/NHB directions which bar foreclosure/pre-
payment penalty on floating-rate term loans
National Housing Bank Act, 1987 (hereinafter referred to as ' NHB Act ') and is registered with the NHB in terms of Section ... NHB Act. In terms of Section 30A of the NHB Act, the National Housing Bank is to determine the policies and to issue directions
appellant /O.P. would further
supplement that looking to the Circular No.NHB(ND)/DRS/Policy Circular
66/2014-15 dated 03.09.2014, which is applicable ... excluded from its purview."
// 5 //
Also in the Circular No.NHB (ND)/DRS/Misc. Circular No.17/2015-16 dated
22.07.2016 issued
loan agreement. In term of Section 29-A of NHB Act, OPs were registered with said NHB. In term of Section 30-A of NHB ... NHB is to determine the policies and issue directions in this regard to the institutions working under it. The NHB is a regulator
circular no.
63/2014-15 dt.14.08.2014 issued by the NHB as such the
complainants made a representation to the opposite parties
through letter dated ... replied to the letter
of the complainant clarifying that the NHB and regulatory body
has though issued a circular dt.14.08.2014
