Legal Question in Banking Law in India
sir,
i took a loan from citifinancial in 2007 of 42000/ paid 8 installments and the rest 23000 as settlement and sat.and now i dont have any document as it is alraedy 10 years but the bank is now asking me to pay now no comunicaion is been made during last 10 years.
plz advise
Asked on 2/22/17, 2:21 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
22.02.2017
Dear Sir / Madam,
It is apparent from your query that you have repaid and settled the loan taken from the Bank. The onus lies on the Bank to "wake up" and provide you documentary evidence to establish that the loan still remains outstanding in their record. In my opinion, you may request the Bank to provide all the related evidence(s).and only thereafter decide on the further line of action.
Regards,
Answered on 2/22/17, 8:19 am
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