Legal Question in Banking Law in India
If co operative bank gives loan with out collateral security,whose mistake is this.
Asked on 10/08/12, 1:35 am
4 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
Bank. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the services we are rendering for our clients from all over the World.
Answered on 10/08/12, 1:47 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
if there is no provision for collateral security, the bank may dispense with it. in other loans, bank is responsible. read more on indian laws on my website www.karvai.in.
Answered on 10/08/12, 3:06 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
i agree with Adv Gupta
Answered on 10/08/12, 4:14 am
J. Radhakrishnan
independent Practice
If the loan is one which the bank as peer it's rules grant without insisting on collateral the bank is not at fault.
Answered on 10/08/12, 4:18 am
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