Recovery of loan

The query is too speculative that any meaningful suggestion is impossible.

The borrower has to face consequence of default in payment of loan /outstanding.

How to avoid defaulting on a loan?  

If your finances have taken a downturn and you are worried about paying your loan EMI on time, it’s best to be proactive and contact your lender before the situation worsens. When you explain your financial crisis to the lender, sometimes the lender may offer you a temporary relief (like pausing EMIs for a few months). This gives you some breathing time, allowing you to get back on track.  

Alternatively, you can consider refinancing your loan. Refinancing is the process of shifting your outstanding loan from one lender to another. The main objective of refinancing is to avail loans at reduced interest rates. Check if this option is possible for you.  

Another option is to borrow from friends and family and repay your outstanding EMIs and get your loan payments back on track. 

whether bank has initiated action.

If he has defaulted in the loan repayment then the bank will initiate action as per law to recover the loan amount, if it becomes NPA then the bank may invoke provisions of sarfaesi act to attach the collateral property and recover the amount by auction sale of the property.