Legal Question in Banking Law in India
Sir
Overdraft agnst fdr to partnership firm.
Dispute among the partners.
Fdr in the name of two partners and three family members.
Howhow to adjust the acclonts
Asked on 6/05/14, 5:18 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
As long as all members' whose name appear on the FDR given as security, you can adjust the same after giving notice to them demanding payment of the debt and if they fail to discharge the loan.
Answered on 6/09/14, 5:04 am
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