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For what maximum time outstanding dues shall be allowed?

Outstanding dues shall not be carried in the books beyond 90 days from the date of accrual and in case you fail to clear up the dues within the said 90 days, your collateral and/or funded shares shall be sold to liquidate the dues, even though the applicable margin is available in your MTF account. For this purpose, 90 days shall be computed with respect to each debit entry in respect of purchases under MTF separately and liquidation shall be carried out accordingly. Arihant shall have the discretion to sell any stock/stocks to liquidate the outstanding dues older than 90 days.  

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