Legal Question in Banking Law in India

Dear Sir
I have taken a used car loan from HDFC for my brother in law who is the end user. Now the emi is not been paid by him and bank has put the cheque in bank which is dishonoured due to less funds. I have surrendered the vehicle. I want to know is it possible to trasnfer this loan amount to my brother in law in banks eye so that i will not have any legal problem.
Pls guide.
Regards
Suresh

Asked on 10/16/10, 9:00 am

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For transfer of loan, ur brother in law is to apply for loan and then ur loan will be retake by the bank in the name of your brother in law.

Regards

Answered on 10/16/10, 7:57 pm

Vishwa Arya Arya & Co.

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already answered by me, too

Answered on 10/16/10, 11:49 pm

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