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Rasik Wadekar   19 November 2019

defaulter loan

I had taken a loan from a person of 2 lakhs and now I am unable to pay it what should I do


Learning

 3 Replies

G.L.N. Prasad (Retired employee.)     19 November 2019

You have to face consequences and litigation and it all depends on the lender  and resources available at his disposal for such recovery.  Members are not competent to assume facts and guide you ways in evading a loan given on trust by your friend/relative/institution.

Dr J C Vashista (Advocate)     20 November 2019

Request the lender to sanction donation in your favour.

Sudhir Kumar, Advocate (Advocate)     23 November 2019

not lagal curry.

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