Legal Question in Banking Law in India
what is the legal procedure to stop bank on posessing the security assets
Asked on 2/03/11, 10:05 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Please approach the bank for a one time settlement and pay off. Otherwise, it is not possible to prevent the bank from taking possession of the secured assets.
Answered on 2/13/11, 8:53 pm
Related Questions & Answers
-
Reserve price under auction can be reduce up to what percentage if there is no... Asked 2/03/11, 7:13 am in India Banking Law
-
What legal action would bank take on default of credit card payment after notice Asked 2/03/11, 6:45 am in India Banking Law
-
I have written an account payee cheque and it got rejected, reason mismatch of... Asked 2/03/11, 5:33 am in India Banking Law
-
I had given gurentee for loan for machinary while formation of our company which has... Asked 2/03/11, 3:38 am in India Banking Law
-
A customer cheque has bounced due to insufficent balance. I have informed the... Asked 2/03/11, 2:22 am in India Banking Law