Legal Question in Banking Law in India

My father expired 2 years back..he owning a private bus..it has loan from sriram finance.initially in 2003 he taken 6 lack loan then he paid 3 lack.from 6 year the bus is surrendered in home(its in my custody)..till now bus is not seized by finance,from last 3 years didn't pay anything to finance.nominee is my uncle he doesn't have any property.anything problem occurs in future..please help me


Asked on 2/19/13, 12:32 am

4 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

19.02.2013

Dear Sir / Madam,

(Bannerghatta Road, Bengaluru, Karnataka)

Settlement of finance company loan is recommended to avoid any complications in future.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 2/19/13, 2:27 am
Sanjay Kalra Sanjay Kalra & Associates

If any problem occurs , you can come back with the latest facts to get legal advice........Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 2/19/13, 2:28 am
Jayesh Desai Jayesh Desai

If charge is regisetred the bus can be claimed by Financial Institution. But they cannot claim anything from you - one needs to check further facts - the claim - based on the information provided by you - mostly is barred by law of limitation.

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Answered on 2/19/13, 10:14 am


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