Samadhan Assets Management Company Ltd. is an Asset Reconstruction Company duly registered by the Reserve Bank in India. However, registration of the AMC is cancelled. The directors of the Co. seek your advice on their r

On receiving the communication from Reserve Bank of India as to cancellation of Registration, the Asset Reconstruction Company (ARC), if aggrieved may appeal to Central Government within thirty days of receipt of any such order. However, the said company has obligation to repay the entire investments held by it together with interest. Till such time it will be deemed to be recognised as a Reconstruction Company for the investments held by it on behalf of qualified buyers. Repayment needs to be made within such period as may be permitted by the Reserve Bank of India in the 'Order of Cancellation' of registration.