Legal Question in Consumer Law in India

have taken a loan from HDFC Bank of Rs. 50,000/- i.e. personal loan, some personal problem not able to pay the monthly interest now m defaulter, but i have also a joint A/c. in the same Bank with my wife, she is the 1st holder and i am the 2nd holder, so will you suggest me some remedy that without any intimation and consent of 1st holder how can the bank freeze or hold the A/c. plz help


Asked on 11/29/13, 6:47 am

1 Answer from Attorneys
Vishwa Arya Arya & Co.

If she was not the co - borrower then the bank has no right

To attach the joint account. Also the first holder

Should not be the guarantor

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Answered on 11/29/13, 7:32 am


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