Legal Question in Banking Law in India

are family members in any way liable for repayment of bank loans taken by one member of the family who is independent and an adult


Asked on 8/26/14, 2:11 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

26.08.2014

Dear Sir / Madam,

Yes, family members remain liable for repayment of bank loans taken by any member. Bank loans are only granted to adults.

Regards,

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Answered on 8/26/14, 4:56 am


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