Hi,
This is on behalf of my friend named Tushar who stays in Nasik. His father had taken some personal loan from some Patphedi (private institute). His father has got retired and due to finanacial problem they can neither pay interest nor principal amount. So I want to know
a)whether Patphedi can take any legal action or file case on his father and/or what could be the consequences.
b) Also they have a small flat in his and father's name. So can Pathpedhi force them to sell their property and repay the loan.
