BANK loan Dispute
emveeemvee
(Querist) 29 October 2010
This query is : Resolved
Dear Sirs
“A “ and “B” had a bank a loan in the year 2004 for that “B” security was given to ” A” ,because “B” Does not have any in come proof so “ A” availed the loan from the bank as third party security “CC “ Account loan in “A” Industry name from this loan both “ A “ and “ B “ Shared the amount 50% each with an internal Written agreement of paying the Principle and the Interest ,from the beginning “B” did not pay any interest ,but “A “ was paying his portion and also for “B” to the bank . at one stage “ A” was not able to pay the dues to the bank , due to his Business loss .For that the bank mentioned :”A “ account as NPA account and filed a case in DRT Court and went for further proceedings .Now “ B “ launched a complaint in police that “A “ has to pay All interests and his principle .And also misusing “A“s cheque given in the yr - 2004 with 138 proceedings by warrant with the help of the police “ B “ is threatening “A “ to pay the entire amount Immediately .
1 . How can “A “ pay the entire amount to “ B “ ?
2 . Can the police threaten while the case is going on DRT ?
3. With the help of internal agreement can “ A “ collect the interest from “ B” which was not paid from the beginning ?
4 . did the police has rights to force “ A “ to pay the amount to “ B” while the case is going with DRT ?
WHAT ARE THE DEFENCIVE PROCEDURES SHOULD “A ‘ HAS TO TAKE ? FROM BOTH “ B “ AND POLICE ?? AND FUTURE ?
KINDLY SUGGEST !!
Parthasarathi Loganathan
(Expert) 29 October 2010
Experts can paste the URL of the similar queries so that participants logging the query for the first time can take an immediate reference for the benefit of the querist. This is only my request.
Sri Vijayan.A
(Expert) 04 November 2010
Dear MVMV
Please copy and paste the link in the address bar http://www.lawyersclubindia.com/experts/Bank-loan-126861.asp
you have been answered for this
Thank you
Parthasarathi Loganathan
(Expert) 04 November 2010
I appreciate Mr.Vijayan's proactive effort. Such exercise will be a ready reckoner not only to any querist but also to all participants in the thread who come across such queries for the first time. Nice.
Sri Vijayan.A
(Expert) 06 November 2010
Thank you, Sir.
A.Sri Vijayan
