can the bank close personal loan if the employee resigns from the company which
gives as undertaking
Asked on 9/06/12, 9:24 am
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
If the Company has informed the Bank about your resignation and you fail to pay installments then it may be at Bank's discretion to take suitable action.
Answered on 9/06/12, 10:21 pm
J. Radhakrishnan
independent Practice
Merely because the employee resigned from the company which has undertaken to deduct repayment installments from his salary, the bank cannot recall the loan, if otherwise the employee does not default in repayment
Answered on 9/08/12, 6:11 am
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