Legal Question in Banking Law in India
Our partnership firm discontinued business and closed our loan account and business. The Bank has not released security since one partner is having NPA Account of difference business. It is under dispute. But others have no lien. How to get the documents released from Bank.
Asked on 10/27/10, 10:47 pm
1 Answer from Attorneys
Rashmi Bhatia Sangare
Private Practise
If your security is used by your ex-partner in his business than the Bank is right in not releasing the security, otherwise, you can write a letter to the Bank Manager and in his default to the Banking Ombudsman.
Answered on 10/28/10, 3:11 am
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