Legal Question in Banking Law in India
I have defaulted in personal loan of 50000, for last 12months due to some financial problem. They have sent me a legal notice to pay in 15days . If the case do goes to court , can i buy time to pay the amount, or does the court denies so.
Can you be arrested for default on a personal loan?
Asked on 11/09/11, 11:24 pm
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
why don't you negotiate and buy time from lender before they file case in court
Answered on 11/15/11, 1:21 am
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