Home loan waive off for ph, physically handicapp

vishal (Querist) 28 December 2015 This query is : Resolved
Hi Sir,
My father have took a home loan from Kangra Co Operative Bank (H.P.) in 2004 .And Not paid loan after 2008 or may be 2009 . So Bank has filled a case in a court . So Case is in Court .
Due to some incidence My father Met with accident in 2010 year, .And from that date he is in COMA stage . My Father is 70 % medically Unfit fit / Handicapped (report prepared By Medical Board ) . And we are in BPL category & no one is earning hand in My family .
We also submitted all the documents related to my father in bank branch. Branch persons are also aware with this accident .Also submitted Medical report at Court. Now case is in Court .
So can you please let me know is there any Previous judgement by Court/High Court/Supreme court for the Waive off of Loan . In Special Cases like accidental/Physcially Disable /or Below Powerty Line persons
But ,I want to know , Is there any procedures /sections to get waive-off of this loan or Please find or suggest any other alternate option for this loan which is a big burden on my shoulders.
Your Kind cooperation in this matter will be highly appreciated.
Regards
Vishal

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Sudhir Kumar, Advocate (Expert) 29 December 2015
It is vague query.

How much loan is taken?

Why loan was taken?

Who is guarantor?

any property mortgaged/hypothecated?

Whether bank at the time of giving loan aware of BPL status?

Rajendra K Goyal (Expert) 29 December 2015
Bank can not provide blank waiver of loan on the given reason.

Citation, if any, is not provided in this section.

Bank has right to have recovery by selling property of the borrower.

Personal knowledge of staff even having intention can not overrule the instructions.

Guest (Expert) 29 December 2015
Make A Humble Pleading to the Chairman and Other Directors of the Bank in Detail about your Situation.Though they may Not Waive Off the Entire Loan they would Consider to Waive off the Interest from the Period of accident atleast.Do not delay in Initiating your Pleadings to them.

vishal (Querist) 29 December 2015
Sir

Thank you so Much for Your answers .

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