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(Guest)

Money Suit

Can a money suit (Recovery suit) be filed against a Bank official who is said to have conspired with a Borrower and advanced a sum of money to the Borrower exceeding the authority of the Bank official? A criminal case is registered against the Bank officer.



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 2 Replies

N.Ramakrishnan (Advocate/ Senior Partner)     29 September 2009

Dear Mr. Menon,

There is no manner in which a money recovery suit can be filed against a bank officer cfor conspiring with the borrower to grant a loan unless he himself has signed as a borrower/guarantor/mortgagor. No doubt, the bank proceed against him criminally.

Thank,

Ramakrishnan, ADV

1 Like

(Guest)
Originally posted by :ANIL KUMAR MENON
" Can a money suit (Recovery suit) be filed against a Bank official who is said to have conspired with a Borrower and advanced a sum of money to the Borrower exceeding the authority of the Bank official? A criminal case is registered against the Bank officer. "

 

Sir,

Is there any authority to support your contention.


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