Nov 19, 2024 10:40 PM IST
Extra regional transport officer (ARTO) Pradeep Singh on Tuesday knowledgeable that the Lucknow RTO is reviewing final 12 months’s information to confirm that every one loaning establishments adjust to RBI authorisations.
Round 20 car homeowners within the state capital are caught in a registration logjam on the regional transport workplace (RTO), following a current directive from the transport division. The rule of thumb prohibits car registration if the loans are sourced from monetary corporations not authorised by the Reserve Financial institution of India (RBI).
The rule of thumb prohibits car registration if the loans are sourced from monetary corporations not authorised by the RBI (File photograph)
Extra regional transport officer (ARTO) Pradeep Singh on Tuesday knowledgeable that the Lucknow RTO is reviewing final 12 months’s information to confirm that every one loaning establishments adjust to RBI authorisations. “The RBI has provided a list of over 9,500 authorised financial firms and a separate list of unauthorised ones. Registrations linked to non-compliant firms will be rejected,” Singh mentioned. He added that the RTO’s authorized division is managing these instances, and 19 to twenty automobiles have already been flagged, although the ultimate tally continues to be below evaluate.
The scenario has prompted a number of affected car homeowners to strategy the RTO, some even threatening authorized motion. ARTO Singh responded firmly, saying, “Anyone is welcome to pursue legal action, but the RTO cannot register vehicles with incomplete or unauthorised documentation. The applicants in question have yet to produce the required paperwork.”
Regional Transport Officer Sandeep Tiwari assured that the division is conducting thorough checks on all flagged instances and warned that registrations linked to unauthorised monetary corporations wouldn’t proceed. “The RTO is committed to ensuring due diligence and cannot endorse registrations with illegitimate loan documentation,” he mentioned.
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Information / Cities / Lucknow / Lko RTO blocks car registrations over loans from unauthorised corporations