1) How could the Bank recover money from the unsecured loans.?
2) If the Unsecured loan went into the category of Non-performing Asset then how can bank deal with the same.?
3) whether Asset reconstruction company buys unsecured NPA's .?
The Debt Recovery Tribunal facilitates these loan recoveries by banks and other lending institutions. Their power is limited to settling the claims. In case a bank declares a loan account as a non-performing asset(NPA), the debt recovery tribunals ensure the balance amount related to the loan account is recovered.
