Legal Question in Banking Law in India

Can you be arrested for default on a personal loan?


Asked on 11/09/11, 11:26 pm

2 Answers from Attorneys

Sanjay Kalra Sanjay Kalra & Associates

No.

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Answered on 11/10/11, 4:53 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

depending on facts of each case the court may order for recovery and/or civil imprisonment if the lender files a suit.

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Answered on 11/15/11, 1:19 am


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