Legal Question in Banking Law in

can a Bank realised debt from fictitious loan account and fraudulent documents


Asked on 12/03/10, 10:10 am

2 Answers from Attorneys

Vishwa Arya Arya & Co.

No.

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Answered on 12/03/10, 10:50 am
J. Radhakrishnan independent Practice

If the Bank is able to corner the real debtor it can sue him. Regarding fraudulent documents, the Bank cannot proceed against the property covered by them

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Answered on 12/03/10, 9:16 pm


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