bank loan

Querist : Anonymous (Querist) 19 January 2011 This query is : Resolved
sir
i have came cross one case while in my practise ..
banker have given education loan to a student on the basis of some fraudulent documents now
the victim of the case has approached the banker and agreed the mistake and he is seeking some 1 year time to repay thE same.as his father is jobless and entire family is based on student income only but banker has not agreed and he want to proceed legally

now my question is on what basis i can plead time on behalf of that student ..
can court can excuse and grand time for him ??

please suggfest at the earliest .....

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Advocate. Arunagiri (Expert) 19 January 2011
If the bank makes a police complaint, the student has to face the case. But, try to compromise with the banker, by this compromise the banker will get the money back. Normaly they will agree.

The court will not excuse.

Amit Minocha (Expert) 19 January 2011
agree with Expert, if it is a civil case you may get time but if it is a criminal case student may land up in problem

Querist : Anonymous (Querist) 19 January 2011
then on what grounds student can convince banker for extension of time ..

Querist : Anonymous (Querist) 19 January 2011
thank u sir for ur feed back

Kirti Kar Tripathi (Expert) 20 January 2011
IT BETTER TO NEGOTIATE WITH BANK, OTHERWISE YOUR CLIENT WILL BE IN PROBLEM.

Parthasarathi Loganathan (Expert) 20 January 2011
If right intention to repayment the debt is established, no bank will take legal action. Having said that, it is the duty to the borrower to set out for clear repayment schedule at the due discretion of the bank.

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