Limitation period confusion


sir,
    Personal loan by NBFC has been issued on year March 2008. No amount received till april 2016. Notices are sent every month, and defaulter person receiving the notices.After that he paid some amount in april 2016. can we initiate recovery proceeding now ?

whether limitation will affect the matter or not?

please guide

 
Reply   
 
FIN

IT is felt that clock of limitation has been reset in 2016…

If you are from NBFC then send the matter for legal opinion to legal cell/Lawyer/Law firm of NBFC…

 Or IT shall be appropriate to approach a very able senior LOCAL counsel of unshakable repute and integrity specializing in such/consumer matters and having successful track record …and worth his/her salt…wit whole case file for a considered opinion…

 
Reply   
 


RETIRED JUDICIAL OFFICER

Dear Sir/Madam,

Since your case is complicated case as such I require documents and same may be send to my email/PM (personal mail) for detailed legal advise.

 

With regards,

Legal Expert

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
Muslim Personal Law     |    x