ritu panda 02 October 2024
Dr. J C Vashista (Advocate ) 02 October 2024
There is no difference between a "secured" and "unsecured" loan for its recovery and a suit for recovery can be filed and decreed, if properly evidenced / proved.
Prsumably it is an examination type of query, which should have been guided by your professor / coach / tutor, if so.
Advocate Bhartesh goyal (advocate) 02 October 2024
Yes, suit can be filed but plaintiff has to prove the contents of suit by cogent evidence.
T. Kalaiselvan, Advocate (Advocate) 02 October 2024
If the legal heirs have inherited the assets/properties from the deceased borrower then they can be made liable to repay the loan to the extent of the property benefits availed by them.