Legal Question in Banking Law in India
i have a personal loan with some bank,due to very bad financial condition 8 months emi were pending but i have started paying emi for last 4 months even after my serious financial condition.My question is that if ever the bank file a case against me is it possible for me to use my bad financial condition and my willingness to pay back my loan as i have started paying emi for last 4 month
Asked on 1/27/10, 10:25 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Your bad financial condition may be no defence. You should amicably settle the problem with the bank and avoid litigation.
Answered on 1/28/10, 5:15 pm
Related Questions & Answers
-
Maharashrtra coporative socities act 1960 rejection of nonmation paper Asked 1/25/10, 6:43 am in India Banking Law
-
Sir i sold a computer to a teacher of public school.but when i went bank the has... Asked 1/22/10, 11:05 pm in India Banking Law
-
I have taken personnel loan from icici bank regulary i paid the EMI's every... Asked 1/20/10, 11:22 pm in India Banking Law
-
I have given resignation from bank after 22 days bank send me chargsheet and one... Asked 1/20/10, 9:40 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
