Legal Question in Banking Law in

My father take a personal lone of Rs-45000/- in year-2004 and in year-2007 he get die. The bank naver give any notice about the lone. Now the bank charged Rs-73000/- for it. I want to know can i get rebate in this lone in the head of the Intrest.


Asked on 9/20/10, 10:13 am

1 Answer from Attorneys
Vishwa Arya Arya & Co.

To begin with, please note that the claim of the bank is time barred. A loan raised in 2004 must have been recoved on or before 2007 unless acknowledged by the borrower again in 2007. But in your case your father had expired in 2007. the exact date of loan and date of death would be very important. It is better you seek fact based advice from a local lawyer/

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Answered on 9/21/10, 9:20 pm


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