Legal Question in Banking Law in India
Hello All,
I want to know about the Statute of Limitations on Personal Loan Default. I am not in a position to repay by Rs. 4 lakhs PL with 2 different banks.
I want atleast a year to stand on my own legs. Is there any way that Statute of limitations can help me?
Asked on 10/03/11, 3:24 pm
3 Answers from Attorneys
J. Radhakrishnan
independent Practice
statute of limitation won't help you. Appeal to the bank to give you time to pay off the loan. That is all.
Answered on 10/04/11, 6:58 am
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
talk to the bank and ask for extension of time...
Answered on 10/05/11, 12:24 am
Related Questions & Answers
-
Hi Sir, I have home which is in the name of my mother It is 3 storey building . We... Asked 10/02/11, 2:24 am in India Banking Law
-
I am 26 years old and i took a personal loan from hdfc bank when i was in job but... Asked 9/30/11, 12:37 am in India Banking Law
-
When the cheque is rejected by axis bank. What is meaning of Encoding / Listing... Asked 9/30/11, 12:02 am in India Banking Law
-
Legal consequence of non reply to notice u/s 138 of ni act Asked 9/29/11, 10:41 am in India Banking Law
-
If a atm does not have camera will i get the footage from the bank as i have lost... Asked 9/28/11, 7:41 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
