Procedure for filing recovery of unsecured loan , granted 8


 sir,
   ours is a small thrift and credit cooperative society at Delhi. Earlier directors granted unsecured loans to some members in the year 2008, and they have not paid any installment from the beginning. society is issuing demand notices to them regularly, but they are not replying.
  can we initiate recovery procedure as it seems to be outside the ambit of limitation .What should we do.
 Please Guide

 
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Advocate

ur case is time. barred unless there is any acknowledgement of dues by borrower.
 
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