Legal Question in Banking Law in India
i took housing lone for 20 years in 2006 after 5years this finance company is takeover by other finance company now they have increased duration for 5 years they are counting our 20 years from which they takeover the company what legal action i can take.
Anil Dalvi
Asked on 8/29/12, 2:32 am
1 Answer from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Pl check the terms of your loan agreement. If no clause empowering the finance company to increase term (duration) is in the agreement or any document than engage a lawyer and issue legal notice. You can file complaint with consumer forum.
Answered on 9/05/12, 9:45 pm
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