RinishaRinisha asked 1 year ago
1 Answers
Best Answer
RaviRavi Staff answered 1 year ago

clause 5 is applicable when there is omission for example DRR omitted / loan taken from pf trust omitted / contingent liability omitted
clause 6 is applicable when there is misstatement for example assets overvalued / liability undervalued / information to bank about end utilization incorrect / income tax filing incorrect  

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