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prithvi kiran (Advocate)     17 July 2013

Gold loans- price fall

This is with regard to GOLD LOANS

1. What are the laws applicable for GOLD LOANS (Specially by FC like Muthoot, Manapuram) 

2. My friend had borrowed a sum of Rs.40,000/- , has not paid any interest amount payble is 52,000/-, much higher than the value if the gold is auctioned , so if the Company auctions the gold suffer loss, can they initiate any legal action for recovery of remaining sum ? 


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