Legal Question in Banking Law in India
In case of of vehicle Theft hypoticated with cooperative Bank, can a bank charge interest from the time of intimation of theft till the settlement of the claim
Asked on 7/31/09, 6:49 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Yes, the bank may be entitled to charge interest from the date of disbursement of loan till the date of payment.
Answered on 7/31/09, 9:11 am
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