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Legal Question

Asked on: 6/21/13, 12:46 am

A bank assigns a loan to another, while in criminal proceedings for that loan under Section 138, Negotiable Instruments Act. What is the consequence of this?

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Answered on: 6/21/13, 7:23 am by Pravin Vaidya

Bank will have to prove that dues represented by returned cheque are part of loss suffered by Bank in selling/assigning the debt


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Independent 116, Vagheshwari Society,Kareli Baug, Vadodara, NUS 390018

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Answered on: 6/21/13, 7:41 am by Fca Prashant Chavan

21.06.2013

Dear Sir / Madam,

The Sarfaesi Act of 2002 has given sweeping powers to banks to action loan recovery.

Regards,


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Expert Edge LLP prashant.pscl07@gmail.com "always A Step Ahead", Mumbai 52

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