Satyabrata Mishra 09 June 2020

Recovery from pension

I was working in bank and retired 10 years back. Now the bank has sent a notice to recover 57000 from my pension stating that a loan has gone bad which I had sanctioned as branch manager. Please advise what shall I do.

Reply Follow

2 Replies

Real Soul.... (LEGAL) 09 June 2020

Just pay that amount before you will be charged also for recovery expenses.

P. Venu (Advocate) 09 June 2020

To my knowledge, no recovery is permissible from pension. The only option for the Bank is a civil action.

Recent Topics

Property management
Joint property transfer
Can credit card division acquire the proceedings f
Substitution of lrs if untraceable
Maintenance and divorce
Cancellation of sale agreement
How's that?
Dies Non due to Unauthorised absence
Regarding filing criminal case - nri
Epf act in india

Member Strength 981710 and growing..

Stay updated with latest Posts!

About
We are Hiring
Advertise
Terms of Service
Disclaimer
Privacy Policy
Contact Us

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify

Recovery from pension

2 Replies

Leave a reply

Recent Topics

Popular Discussion

Browse by Category