how payment is credited to ur ac when u r defaul in payment

Querist :
Anonymous
(Querist) 24 April 2010
This query is : Resolved
hi
i would like to know how a payment made towards mainteance and interest credit to principal amount or interest amount.
ie is amount of interest is cleared or principal is cleared can u give under which sec. or rule this is covered.
thank you
raja shah

Querist :
Anonymous
(Querist) 24 April 2010
1956
aman kumar
(Expert) 30 April 2010
what is the Q ???