Legal Question in Banking Law in

My wife has been unnecessarily implicated at the DRT as she stood personal surety for a loan taken by her superior. The bank did not notify my wife on the default for more than 12 years. Suddenly she gets a summons from the DRT. I would like to be advised if the bank's claim of notice to her superior can be treated as notice to her. Is this not barred by limtation.


Asked on 2/12/11, 1:17 am

3 Answers from Attorneys
Vishwa Arya Arya & Co.

on the face of it, yes, you are right. you must inspect the record to confirm your thinking.

Read more
Answered on 2/12/11, 3:55 am

Yes it should be barred by limitation..

Inspect the file of DRT and other records. Also confirm about any notice received by your wife during the period of 12 years .

Read more
Answered on 2/12/11, 4:44 am
Professor SOMNATH MUKHERJEE MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)

please go and see the record and see how the summon is served

Read more
Answered on 2/12/11, 9:17 am


Related Questions & Answers

More Banking Law questions and answers in