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francis (CHIEF)     13 December 2013

Urgent please need clarification

SIRS,

I have given my property as Collateral Security of my Ex-Friend's Relative now he is not repaying the loan amount now i got letter from bank as Demand Notice. Shall i file a complaint as Criminal case or is it civil case.

Pls Advice.

Regards

Francis

 


Learning

 1 Replies

ADV S PATHAK (lawyer)     13 December 2013

u can recover the amount, if paid by u to the bank, from ur so-so by civil procedure. bank will go to court for recovery.


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