Legal Question in Credit and Debt Law in
Whether limitation periode of a Term loan start from the date of over due (if no payment was made there after) or the date of last instalment payable?
Asked on 9/14/10, 9:28 am
2 Answers from Attorneys
Vishwa Arya
Arya & Co.
If no payment has been made ever since the loan, the limitation would run from the date of loan.
Answered on 9/14/10, 9:35 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
from the of last demand for the payment of loan.
Answered on 9/14/10, 11:17 pm
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