vivek hariyani 23 February 2021
Dear Sirs,
I am vivek hariyani. My father was taken loan of Rs. 10,00,000/-, My father was died in 2018. I paid rs. 7,00,000/-. Our bank account became NPA. Bank will file claim in Board of Nominee Court in Rajkot. So Board of Nominee court can waived off interest or not.
May they can give Installment system for repayment of loan? What can we take action if our property will be seized? Can we take stay order from Debt Recovery Tribunal, Ahmedabad.
P. Venu (Advocate) 24 February 2021
The posting is based on mere surmises and suggests no legal elements.
G.L.N. Prasad (Retired employee.) 01 March 2021
Members of the forum are not competent to foretell the final decision/judgment in a filing case. It all depends on available securities and the net worth/role of the sons in such business etc. It is up to the bank to accept such compromise terms. First, contact the banker and try to go for One-time settlement out of court and you will be then having an idea of the mind of the banker in proceeding with the case and their stand.
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