Legal Question in Banking Law in India
can a HUF of a proprietorship concern be given loan against individual collateral?
Asked on 6/04/10, 7:14 pm
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
Legally the answer is yes. But it depends upon the lender otherwise.
Answered on 6/05/10, 7:08 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
There is no legal bar. You need to contact the lender.
Answered on 6/06/10, 5:36 am
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