HI i need valuable advice,
Can the interst on amount due to a creditor be added to principle amount for determining the minimum reserve price of the property that has been attached?
thanks in advance
radhakrishnap (student) 16 March 2011
HI i need valuable advice,
Can the interst on amount due to a creditor be added to principle amount for determining the minimum reserve price of the property that has been attached?
thanks in advance
bhagwat patil (Property due diligence 9422773303) 18 March 2011
No interests and principal amount has nothing to do with min. res.price.It is determined by approved valuer.
radhakrishnap (student) 19 March 2011
Thanks for the reply sir.
I woud also like to know if, while determining the total amount due from the debtor which of the follwoing can be added to the principal amount.
1. the interest due on the amount.
2. The costs of recovery, like cost of publication etc.
in our case the creditor is an individual and not a bank. does this make the chances of recovery weak??
thanks in advance
Member Strength 9,47,796 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
