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suryagaurav (manager)     24 March 2018

Limitation period confusion

    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


 2 Replies

Kumar Doab (FIN)     25 March 2018

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…

KISHAN DUTT KALASKAR (Advocate)     26 March 2018

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

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