Legal Question in Banking Law in India

Sir, I have took an loan of 1,48,000 from SBI through an MNC company where i was working untill 2007. EMI Payment was deducted through salary. Later i left the company and me tried to close the loan but somehow they refused with lot of questions. Then there is no communication between me / My past company / Bank for past 6 years. Now i got an scan copy of the letter through email from past company asking to close the account to avoid future case again me? what i need to do now? Could you advice?


Asked on 11/26/13, 8:43 pm

3 Answers from Attorneys
Rajiv Chandhok Ph: +919810050896 https://www.linkedin.com/in/rajiv-chandok-0827b733/

Clear the amount with interest and end the matter. You may drop in a detailed query at [email protected]

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Answered on 11/26/13, 10:11 pm
J. Radhakrishnan independent Practice

If there is no written, signed acknowledgment of debt by you within the past six years, then you can as well repudiate the claim, Better to consult a local lawyer with all documents , communications between you, the company, bank.

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Answered on 11/27/13, 9:28 am
S. Kumar (Advocate)

The money which you had taken as a loan you have to pay. What would you like in this matter that is the subject on which we have to advice?

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Answered on 11/28/13, 3:08 am


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