Legal Question in Banking Law in India
I wanted to know what is the Minimum and Maximum term of punishment for a person has obtained loans from multiple banks with fraud by the help of forged duplicate title deed documents. The total amount of loan will cross a crore and involving many banks.
Asked on 8/19/13, 6:41 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
It is ten years for each offence which sentence can be made to succeed each term of imprisoment.
Answered on 8/19/13, 11:22 am
Fca Prashant Chavan
Expert Edge LLP
20.08.2013
Dear Sir / Madam,
The term of Punishment will be as meted out by the Judge hearing the case in the Court.
Regards,
Answered on 8/20/13, 12:30 am
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