Legal Question in Banking Law in India

Re: n.p.a.

Cheque the sanction letter in respect of the repayment schedule for the 1st loan. If you have defaulted then it is likely you may be in the NPA list. In that case the action of the bank is genuine.

In such situation you may have to approach the bank and get the payment rescheduled, if possible.

Re: n.p.a.

Your facts are not sufficient for appropriate guidance. To reach a conclusion about NPA stage, it may be requried to peruse your loan documents and account statements. The necessary guidance can thus be provided only after reading your documents.

Re: n.p.a.

Your facts are not sufficient for appropriate guidance. To reach a conclusion about NPA stage, it may be requried to peruse your loan documents and account statements. The necessary guidance can thus be provided only after reading your documents.

Re: n.p.a.

Your facts are not sufficient for appropriate guidance. To reach a conclusion about NPA stage, it may be requried to peruse your loan documents and account statements. The necessary guidance can thus be provided only after reading your documents.

Re: n.p.a.

yes, you are, you are bound by the agreement entered into with the bank and if you violate or make default in the payment of installments , they throw you in the NPA list. and with in six months, they can proceed under the SARFESI ACT

Re: n.p.a.

Non payment of interest or instalment of the principal could enable the bank to classify the first loan as NPA. Better approach the Bank for rephasement of the repayment schedule explaining intelligibly the reasons for delay.