Bank Loan

Querist : Anonymous (Querist) 07 September 2010 This query is : Resolved
X has taken only personal loan for a duration of 72 months, almost 8 to 9 months to be pay.

some installments missed so also paying regularly. The bank officials sent a notice to mandal educational officer to deduct the salary of X, who is working as government teacher.

Whether the bank officials or mandal educational officer is having any right to do so.

Since the court decree is proper for attachment or with hold the salary by said officer.

plz give any provision of law found.

to my knowledge Under the SARFESI Act, only properties that were mortgaged will be attached...

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Devajyoti Barman (Expert) 07 September 2010
Without the order of the court your salary can not be attached by any body not even by your employer.
You are not properly informed as the salary can very much be attached but only by the order of the court.

Surender Dhull (Expert) 08 September 2010
If the financer have already got the consent from you and ur employer and all these conditions mentioned in the agreement then partial amount as per terms and conditons of agrement, the amount can be deducted from the salary.
thanks

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