Legal Question in Credit and Debt Law in India
Can a bank take recourse against the son if his father took out a personal unsecured loan from a bank and defaulted on it and has expired. My friend's father expired about 5 years ago. His father took a personal loan and defaulted on it. A few days ago the bank called up my friend and asked him to pay up. My friend was not a guarantor to the loan and neither has he inherited anything from his father. In fact his father left nothing for him no property, no cash etc. Kindly suggest as my friend is slightly tensed about the situation.
3 Answers from Attorneys
no a bank may not...in such cases if the person has died they usually attach property to recover but if nothing has left to ur frnd and he evn didnt knew they may not take such action or may not force u to pay persnaly
you may consult a lawyer in person and he would issue appropriate notice to the bank abstaining the bank from harassing you or your family members.
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