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Nagendra*** (Manager)     24 October 2014

Bank loan

Hello Attorney, Need your advise here... My Friend has availed a loan from a bank with out any surity. He has used the money for his child's education & daughters marriage.Unfortunately he had a massive heart attack &  expired a month ago.  What will happen to the outstanding loan amount, as his son not in a position too re-pay the same.  Please advise.


 5 Replies

V M DAHAKE (PROPRIETOR)     24 October 2014

Dear Sir,

 Strictly speaking bank would have claim against his assets for repayment. Check the facts and try to settle the issue through negotiation.

Advocate Rajbir Singh Dhanda (owner)     31 October 2014


hello sir, Need your advise here... 

V M DAHAKE (PROPRIETOR)     31 October 2014

Originally posted by : Advocate Rajbir Singh Dhanda


hello sir, Need your advise here... 

It is not clear to me what exact advice is required. Please clarify?. Just to add, son ( treated as a separate entity from father ) is legally not liable for any amount over and above what he inherits from father.

Sudhir Kumar, Advocate (Advocate)     04 November 2014

you are advised.                  

Nagendra*** (Manager)     04 November 2014

Thanks for your responses. Will advise my friends son accordingly.

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