Loan related
Priyesh
(Querist) 18 June 2018
This query is : Resolved
Respected sir,
My father took a loan in the year 1997. This is unsecured loan taken by them at that time on his business. The loan became N.P.A.. in the year 2007. My father also died in the Year 2015. Now bank will send me notice to recover the loan. My father shut down his business in the year 2007 due to losses. Bank has right to take any legal action against me ?
rajeev sharma
(Expert) 19 June 2018
The information you provided may not be relied upon . Banks do not give unsecured loan. You are liable to pay loan if you have inherited business or property of your father .
Kumar Doab
(Expert) 17 July 2018
Pool the information provided in all threads and use IT.
http://www.lawyersclubindia.com/experts/Time-limit-to-file-execution-petition-under-cpc--686696.asp
https://ucoonline.co.in/HANDBOOK_ON_RECOVERY_OF_DEBTS.pdf
http://www.lawyersclubindia.com/experts/Section-138-validity-in-case-of-blank-cheque-given-to-the-bank-at-the-time-of-loan-disbursement--552561.asp
http://www.lawyersclubindia.com/experts/Information-regarding-banking-602651.asp
http://www.lawyersclubindia.com/experts/Banking-602806.asp
http://www.lawyersclubindia.com/experts/Information-regarding-section-138-of-negotiable-inst-act--652081.asp
http://www.lawyersclubindia.com/experts/Information-regarding-relinquishment-deed-or-release-deed-675406.asp
Property consultant..
. http://www.lawyersclubindia.com/experts/Loan-related--684226.asp
