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mohammad shujatullah (senior tax advisor)     29 May 2012

Legal notice from bank to repay loan,

Legal notice have been slapped to my client for repayment of Loan amount with interest,where as the amount of loan sanctioned is entirely different ie Rs.25000/-,but notice says it is Rs. 100000/-.

What is the legal remedy available for getting damages from the Bank.



Learning

 2 Replies

Anjuru Chandra Sekhar (Advocate )     29 May 2012

There can be difference between Loan Sanctioned Amount and Loan Disbursed Amount.  He may be factually correct.  Or it is possible that the Advocate had given you the figure of Loan + Interest + charges + expenses.

Sudhir Kumar, Advocate (Advocate)     23 June 2012

You have to refute if the asertins are factually incorrect.


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