Sir, I have taken a loan of about Rs. 3 lakh in the year 2003 to purchase a Offset Machine for a shop from a nationalised bank. As the bank officer comes often for recovery at home I used to give instalment right at home. Once in the year 2007 the bank officer after collecting the amount replies that now your loan is over. Having confidence Neither I have visited the bank nor I kept any receipts etc. Now I just received a legal notice for recovery of outstanding amount of Rs. 2 Lakhs. Now I am in big trouble. As I remember I have not signed any documents like Revival letter etc. after 2007. Neither the Bank has given any reminder, notices etc. I am unable to understand what to do. Any one of you if give proper guidance I will remain thankful to you sir.
