Legal Question in Banking Law in India
Dear sir, for the year ending 31/3/2012, when i have paid the term loan upto dec 2011(dec 2011 is also paid) & my cash credit a/c is over due but not more than 90 days, is there any possibility that the bank can classify the a/c as NPA. pls advise.
Asked on 4/05/12, 7:43 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
if the default in payment of interest or regularization of cash credit account exceeds 90 days the bank may classify both the loans as NPA
Answered on 4/05/12, 10:10 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
i agree with Adv Radhakrishnan
Answered on 4/06/12, 3:33 am
Related Questions & Answers
-
Dear Sir, I recieved a legal notice from Nilam patra padadhikari with heading of... Asked 4/04/12, 5:35 am in India Banking Law
-
Sir i have a loan with hdfc bank and had some arrear in payments also . my salary... Asked 4/03/12, 3:24 am in India Banking Law
-
Can proprietership firm bank account be changed to partnership without change in... Asked 4/02/12, 9:51 pm in India Banking Law
-
Can negetive net worth company provides gurantee for loan to other company ? Asked 3/29/12, 11:58 pm in India Banking Law
-
.I m a guarenter in against the loan taken by my cousin? can a Guarantor is eligible... Asked 3/29/12, 7:31 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.
