I'm running a startup with a loan under ksedm(Kerala)- CGTMSE Scheme with 2 partners. our loan amount was 9,20,000/- and we have paid back around 2,00,000/-. Our company is underperforming and we are facing difficulties to pay back the loan.
We have facing continued torture from bank employees to repay the loan.
Can the bank seize our family asset or can we ask for subsidized repayment of the loan.
Hope someone could help us out!