Legal Question in Banking Law in India

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?

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

2 Answers from Attorneys

Pravin Vaidya Independent
0 users found helpful
0 attorneys agreed

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

Read more
6/21/13, 7:23 am
Fca Prashant Chavan Expert Edge LLP
0 users found helpful
0 attorneys agreed


Dear Sir / Madam,

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


Read more
6/21/13, 7:41 am

Related Questions & Answers

More Banking Law questions and answers in India

Looking for something else?

Get Free Legal Advice

88333 active attorneys ready to answer your legal questions today.

Banking Law Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony RoachLaw Office of Anthony A. RoachChatsworth, CA
Timothy McCormickLibris Solutions - Dispute Resolution ServicesSan Francisco, CA
Michael E. HendricksonAttorney & Counsellor at LawAlexandria,
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now