Legal Question in Banking Law in India
my father defaulted in loan repayment of a nationalised bank and passed away. so now is there any legal liabilities on me. i am working in some other nationalised bank.
Asked on 4/07/11, 10:33 pm
2 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
Yes you have a liability to the extent of property devolved upon you from your father.
Answered on 4/07/11, 11:02 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
all the legal heirs to your father are equally responsible for the debt.
Answered on 4/08/11, 12:57 am
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