Legal Question in Banking Law in India
can be a persons only property , kept on mortgage at any of the nationalised bank . loan amount was taken by his son, after some time son expired by road accident. Is bank have right to take posation and do oction to recover of due money.
Asked on 7/03/11, 12:05 pm
3 Answers from Attorneys
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
yes
Answered on 7/04/11, 1:36 am
Professor SOMNATH MUKHERJEE
MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)
the bank may take possession according to the procedure established by law
Answered on 7/04/11, 8:07 am
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