The central bank has asked banks which fund bidders in PSU selloffs to ensure that the shares pledged with it can be sold during the lock-in period.
As per the Reserve Bank of India guidelines, the documentation between the government and the successful bidder should contain a provision permitting the pledgee (bank) to liquidate the shares even during the lock-in period in case of a shortfall in margin requirement or default by the borrower.
However, as per the Centre