Legal Question in Banking Law in India
if i have defaulted for my students loan with a bank an presently working with a mnc company can bank recover my loan from the my company
Asked on 1/01/10, 1:31 pm
2 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Yes, the Bank may seek recovery from your salary. Try to avoid any litigation and start making payments immediately; you may approach the bank for payment by easy instalments.
Answered on 1/02/10, 8:12 am
J. Radhakrishnan
independent Practice
The Bank cannot recover from the company now. They may file a suit, obtain a decree and attach your salary, if then you are still in employment of the company
Answered on 1/03/10, 5:27 am
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