Vehicle loan

rahul (Querist) 07 March 2013 This query is : Resolved
In case vehicle loan, what is the time limit for bank to file case against defaulters from the date of default ?

Follow Query

Report Abuse

Advocate Bhartesh goyal (Expert) 07 March 2013
Three years.

prabhakar singh (Expert) 07 March 2013
Yes!I agree with Mr. Goyal. Three years is the right answer.

Raj Kumar Makkad (Expert) 11 March 2013
This is the common reply of all experts but with one addition. Three years from the last date of renewal of debt by the mortgagor is the right answer.

prabhakar singh (Expert) 11 March 2013
Then to complete answer it would be 3 years from the date of default or last payment or acknowledgement made .

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Browse by Category

Stay updated with latest Posts!