Legal Question in Banking Law in India
Can I take legal action against borrower to recover my money immediately if he already given me pdc?
Asked on 10/14/16, 9:16 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
14.10.2016
Dear Sir / Madam,
Yes, if you have valid grounds and reasons to believe that the borrower's PDC will not be honoured on the due date, you may action money recovery earlier.
Regards,
Answered on 10/14/16, 9:28 am
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