Legal Question in Banking Law in India

I had taken a loan from a leading bank. i paid few of the emis . in december 2008 i was hospitalized and could not keep up with my emis and the bank got closed later on. few days ago i got a call from policeand a lawyer from delhi stating that a finance firm has taken over from the bank and a non-baliable warrant has been issued an if i do not wish it to be executed i will have to given a cheque in the name of the new firm on the same day. i gave them a pdc which is bound to get bounced. i can only pay at the end of the month. kindly advise


Asked on 12/12/12, 8:14 pm

1 Answer from Attorneys



Related Questions & Answers

More Banking Law questions and answers in India