personal loan

Querist : Anonymous (Querist) 16 July 2011 This query is : Resolved
hello sir/madam this is raju from hyd..my qyery is that my father worked as sub_inspector of police in ranga reddy dist.who took a loan amount of 1.3 lakhs in 2004.the period for the loan payment z 31st july 2007..n my father retired form the service on same day...but he did not pay the loan...and who died in 2008...now we are getting notices from the court...we dont have any properties..we r just living on the pension amount...wt do u suggest me ....what should i do ?

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prabhakar singh (Expert) 16 July 2011
None of you are personally liable to pay loan;but can be realized from assets of your father.you have not stated when the suit was filed for which notices from which court are being received.Any way as you say that loan was due to be paid on 31st july 2007,then if the suit was not filled with in 31/07/2010,it would be treated time barred,better visit to check without appearance,if suit found with in time,delaying appearance is one of the course you need to adopt.

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