Recovery of loan amount
Santosh S. Avhad
(Querist) 22 December 2012
This query is : Resolved
I am working in bank and in the year 1996 i had obtain a loan of Rs. 75 thousand from employee bank co-operative society Ltd. later on i pay the installment amount with interest. on next year 1997 also i obtain a loan amount of Rs. 1.o Lacs. after deducting earlier loan amount bank issued a cheque of balance amount.
in the same year, after 3 months bank again shown a loan amount of Rs. 2,50,ooo/- on my account. on next year 1998 i applied for loan of Rs. 2,50,000/- but that time society not given any amount after deducting the earlier loan amount of Rs. 1.0 lacs. ..I inquired in society then member informed that you obtained the loan of Rs. 2,50,000/-. I informed them that i never applied in the for Rs.2.5 lacs in the year 1997. later on the said society letter to bank that the EMI deduct from my salay and deposited the said amount in their account. bank accept the same deducted the amount from my salary. pls suggest me what shall i do?
ajay sethi
(Expert) 22 December 2012
issue legal notice to bank . contact a local lawyer . necessary to go through your case papers to advise
