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Commercial Vehicle Permit for restricted routes
A Commercial Vehicle Permit (CVP) for restricted routes allows authorized vehicles to operate on specified roads or areas where standard permits do not apply. It ensures legal compliance while transporting goods or passengers through zones with traffic, weight, or safety restrictions, helping businesses maintain efficient and lawful operations.
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Hypothecation removal in Non-Performing Asset (NPA) cases refers to the process of releasing the lender’s charge on a borrower’s asset after the loan becomes non-performing. This usually occurs when the asset is either repossessed, sold, or the loan is written off. The removal ensures that the borrower’s rights over the asset are cleared and legally documented, allowing for smooth transfer or sale.
Re-registration is the process of registering a vehicle in a new state when it is brought from another state. This ensures the vehicle complies with local laws, road taxes, and insurance requirements. The process typically involves submitting ownership documents, a valid pollution certificate, proof of address, and paying applicable fees to the Regional Transport Office (RTO) of the new state.