Pdr act

please confirm the rate of interest & pricipal amount of loan.

If u had paid the loan amount in time then how comes 530,000/-.

U need to object the amount ? How it comes to this since u had already paid 155,000/-.

If u like my suggesation then give THANK on my profile.

Sir, The amout of Rs. 1,55,000 deposited after the certificate case and detention by the police. We were not aware about the loan and the certificate case earlier. We came to know only after the legal proceedings started.

The Principal Amount is Rs. 4,00,000 in November 2006 with Morgate agricultural land value is Rs. 8,00,000

Borrower died in November 2007

NPA and Cetficate case initiated at Rs. 4,21,000 in February 2010

Amount deposited after police detention is Rs. 1,55,000 in September 2014

At present bank sent a notice to deposit Rs. 5,31,000 more at the rate of minimum 12% simple interest as decided by the Board of the Bank in August 2016.

The matter was also listed in Lok Adalat at the district court, Chapra, Bihar, but the respondent appeared only for the first day of hearing and then the respondent didnot appear before the regular lok adalat and so the matter was dismissed without any action.