banking laws
Querist :
Anonymous
(Querist) 21 April 2011
This query is : Open
i had barrowed 20 lacs from nationalised bank as c.c.limit and also rs. 10 lac as term loan for purchase of vehicles. since one year i paid interest and intalment regularly,now i have lost money in bussiness and my company is pvt ltd, Now bank is going to declare the account as NPA as iam not in a position to pay, i have given my house as collatral and the vehicles are hypochecated.
can u suggest me a advocate in ahmedabad u can defend my case as bank can try to capture my vehicles and also take my house.
Is there any way i can prolong the issue as if i get one year time i will be able to repay the bank but bank manager says he cannot any further,
please advice.
Thank you
with regards
