Legal Question in Banking Law in India

Personal Loan NPA

can we attach personal loan NPA with CC Account of the firm


Asked on 2/15/09, 1:05 am

3 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Personal Loan NPA

I agree with the opinion of my esteemed colleague Mr. Desai.

Read more
Answered on 2/15/09, 9:17 am
J. Radhakrishnan independent Practice

Re: Personal Loan NPA

If both the accounts are in the same name or names,the answer is yes. otherwise it is not possible. We need specific details on the accounts to give a clear cut answer.

Read more
Answered on 2/15/09, 11:26 am
Pranav Desai PD Legal & Associates

Re: Personal Loan NPA

No,because the parties to the agreement are different. Therefore, there cannot be a cross charge.

Read more
Answered on 2/15/09, 3:17 am


Related Questions & Answers

More Banking Law questions and answers in India