Legal Question in Banking Law in India
Dear sir , we have taken PL from ICICI in 2003 of Rs. 75,000/-.in 2007 we have settled loan and paid amount .receipt is lost .from 2007 to 2011 bank has not asked for any dues .but from 2011 they are started to call for rs. 75,000/-dues .what should i do ?
Is this time barred case
Asked on 8/27/12, 7:39 am
3 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
You dnt have to pay as it si time barred claim.
Answered on 8/27/12, 9:02 am
J. Radhakrishnan
independent Practice
The claim as it appears on your narration is barred by limitation. Reply to the Bank that you owe them nothing.
Answered on 8/27/12, 12:02 pm
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